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Form 151 prime brokerage

Form 151 agreement 2026

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The document outlines the terms and conditions of an Agreement for Prime Brokerage Clearance Services between a Clearing Broker and a Customer. It details the responsibilities of both parties regarding the clearing of securities transactions, account establishment, trade data reporting, compliance with applicable laws, settlement obligations, fees, and arbitration procedures. The agreement emphasizes the Customer's obligations to maintain minimum net equity and provides guidelines for handling discrepancies in trade data. Additionally, it includes provisions for managing discretionary accounts and addresses potential defaults.

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Click ‘Get Form’ to open the form 151 agreement in the editor.
Begin by filling out the 'Customer' section, where you will enter your name and relevant identification details. Ensure accuracy as this information is crucial for establishing your account.
Proceed to the 'Establishment of Account' section. Here, confirm that you understand the terms regarding how transactions will be cleared on your behalf.
In the 'Customer Trades' section, provide detailed trade data including contract amounts and security types. This ensures clarity in your transactions.
Review the 'Applicable Law and Regulations' section to ensure compliance with all legal requirements related to your trades.
Finally, sign and date the document at the end of the form. Use our platform’s signature feature for a seamless signing experience.

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What is a 151 agreement?

SIA Form 151: An agreement executed between a Clearing Broker and their customers (i.e. Executing Broker or RIA/HF) whereby the Clearing Broker provides Authorization to Release Information, allowing the Prime Broker to obtain necessary trade information from Executing Brokers to clear their Prime Brokerage

What is the difference between a prime broker and a clearing house?

Clearing brokers act as an intermediary between these putting trades and the change from which the trade might be sourced. Prime brokers present capital introduction (connecting hedge funds with potential investors), access to proprietary research and data, portfolio reporting, and even regulatory steering.

What is the purpose of a brokerage agreement?

A brokerage agreement is a statutory agreement between a broker and a customer, summarizing the terms and conditions of their professional association. In addition, brokers can offer different services, including managing portfolios, purchasing and selling securities, and offering investment advice.

What is the difference between a broker dealer and a prime broker?

Whether its direct access or typical zero-commission app-based trading, a brokerage (registered broker-dealer) is required to execute trades. A prime brokerage goes past just execution but provides a suite of services that enable giant establishments, traders, hedge funds to implement their trading methods at a price.

What is a prime brokerage agreement?

A prime brokerage agreement sets forth the terms and conditions pursuant to which a prime broker will open and maintain accounts for margin, execution, clearing and settlement and custody for a client. Prime brokerage arrangements may also include securities financing.

form 151

Printable form 151 agreement Form 151 agreement template Form 151 agreement pdf Form 151 agreement sample Form 151 agreement example Form 151 Prime Broker Sifma form 150 Form 1 Schedule A

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What is the point of a prime broker?

The prime broker, which is always a financial firm, acts as the main point of contact for their client (usually a hedge fund). In addition to managing the relationship, the prime broker maintains custody and all recordkeeping of the clients assets.