A master give-up agreement for prime brokerage relationships will be formalized by ISDA next month and ready by year-end. David Bloom, head of legal for corporate, investment banking and markets at HSBC, said the agreement, which allows hedge funds to enter a full prime brokerage relationship with one firm and then execute trades with others, will encompass standard terms for all derivative trades, as well as compensation procedures.
Prime Brokerage Document To Hit By Year-End
