control rather than hold assets, used for stock lending, DDs, credit card debits
1 of 17
Mandate
third party has control over an account
2 of 17
Domicile/Residency
Domicile = where a company is registered / Residency = where you physically are
3 of 17
MiFID
MiFID firms are able to passport branch offices or cross-border sell throughout the EEA
4 of 17
Best execution
Best possible result. Criteria = client categorisation, type of order, type of financial instrument, execution venue, inform client in writing
5 of 17
Best execution clients
Retail and Professional
6 of 17
MiFID II purpose
Increased transparency, structured marketplaces, lower cost market data, improved best execution, orderly trading behaviour, more explicit costs
7 of 17
The Gloabl Master Securities Lending Agreement (GMSLA)
Income payments recieved by a borrower to be repaid to the lender, no voting rights
8 of 17
The Global Master Repurchase Agreement (GMRA)
Covers repos
9 of 17
1933 Securities Act (Full Disclosure Act)
Issuer may be sued if investor loses money. Exemptions: government local/national, banks, trustee companies, commercial paper/bankers acceptance
10 of 17
SEC rule 144a
Exempt from Full Disclosure Act, issued inside USA and only sold to QIBs, holding period 1 year
11 of 17
Qualified Institutional Buyers
Invest $100m and if a bank must have minimum net wortj of $25m
12 of 17
Sophisticated Investor Letter
UK, FSMA 2000 rule, financial promotions issued by or approved by an authorised person
13 of 17
Italy
CONSOB
14 of 17
Japan
Financial Supervisory Agency
15 of 17
USA
Securities and Exchange Commisson
16 of 17
Data Protection Act
1. Lawful and Fair 2. Specified, Explicit and Legitimate 3. Adeqaute, Relevant and not excessive 4. Accurate and kept up to date 5. No longer than necessary 6. Secured Manner
17 of 17
Other cards in this set
Card 2
Front
third party has control over an account
Back
Mandate
Card 3
Front
Domicile = where a company is registered / Residency = where you physically are
Back
Card 4
Front
MiFID firms are able to passport branch offices or cross-border sell throughout the EEA
Back
Card 5
Front
Best possible result. Criteria = client categorisation, type of order, type of financial instrument, execution venue, inform client in writing
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