master give-up agreement
French translation: accord/convention-cadre tripartite de services d’exécution d’ordres de courtage
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| 16:17 Feb 7, 2019 |
| English to French translations [PRO] Bus/Financial - Law (general) / Banking | |||||||
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|  Selected response from: Germaine Canada Local time: 18:41 | ||||||
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1 hr confidence: 
convention-cadre de type give-up agreement Explanation: « give-up agreement » n’est pas traduit en français Reference: http://www.iotafinance.com/Definition-give-up-agreement.html |
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10 hrs confidence: peer agreement (net): -1
peer agreement (net): -1convention-cadre de concession (de devises) Explanation: What does {term} mean Give Up Give up is a procedure in securities or commodities trading where the executing broker places a trade on behalf of a second broker as if the second broker actually executed the trade. This is usually done because a broker cannot place a trade for a client based on other workplace obligations, or because the executing broker is working on behalf of an interdealer broker or prime broker who has taken the order directly from his client and passed it on to the executing broker. (This was more common in the era of floor trading, when certain floor brokers would receive orders from outside.) To ensure the trade is executed in a timely fashion, a request is made of another broker to place the trade on behalf of the first broker. On the record books or trade log, the trade shows the information for the client's broker, and not the executing broker. Thus, the broker of the client and the broker on the other side of the trade receive the commission, while the executing trader gets a commission from the broker who received the order. The process is referred to as a "give up" because the one who executes the trade gives up the associated credit for the purchase or sale; the executing trader also gives up the associated commission from the originating client. BREAKING DOWN Give Up The act of performing a trade in the name of another broker is generally considered a professional courtesy. In regard to the reimbursement of a broker for services rendered, the payment of services associated with a give up functions within an area that is not clearly defined. Parties Involved in the Trade While a standard trade often involves two parties – the buying broker and the selling broker – a give up involves at least one other person who executes the trade on the behalf of one of the two aforementioned brokers. In cases where both the original buying and selling brokers are otherwise obligated, it is possible for a fourth (or even fifth) party to become involved if the buying broker and the selling broker both ask separate traders to act on their behalf. This would result in a give up on the selling side and on the buying side. The use of give ups has diminished as physical trading floors have made way for electronic exchanges, but where order-routing algorithms may now take the role of an executing broker and "give up" the trade. Source: Investopedia |
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3 days 4 hrs confidence: peer agreement (net): -1
peer agreement (net): -1accord/convention-cadre tripartite de services d’exécution d’ordres de courtage Explanation: Considérant ce qui suit : In order to enter into a Give-Up Transaction, a client will enter into a tri-party agreement, known as a "give-up agreement" (Give-Up Agreement), between an executing broker, a clearing broker, and the client. https://www.lawinsider.com/dictionary/give-up-agreement The 2005 ISDA Master Give-Up Agreement documents the relationship between a dealer that executes particular types of transactions and a prime broker that becomes the ultimate counterparty to those transactions when the “designated party” gives up those transactions to the prime broker. https://www.isda.org/book/isda-master-give-up-agreement/ Un Give-Up agreement est une convention entre un courtier qui exécute certains types d'opérations et un compensateur qui devient la contrepartie ultime de ces opérations lorsque la « partie désignée » (le client) confie le dénouement de ces opérations au compensateur. https://www.legavox.fr/blog/ibrahima-niane/give-agreement-de... et somme toute, considérant cette source : https://lc.fia.org/sites/default/files/content_attachments/G... je propose : accord/convention-cadre tripartite de services de courtage d’exécution (master give-up agreement) ou accord/convention-cadre tripartite de services d’exécution d’ordres de courtage (master give-up agreement) » : Tout accord (y compris l’Accord de prestation de services de courtage en devises ou en valeurs à revenu fixe [aux][à des] fonds spéculatifs) qui prévoit l’intermédiation d’opérations de change ou d’opérations sur valeurs à revenu fixe (quelle que soit leur description) ou toute convention-cadre de contrepartie, convention-cadre tripartite de services d’exécution d’ordres de courtage (master give-up agreement) ou autre entente relative à l’exécution tripartite ou entiercée [?] (que ce soit par * ou quelque autre partie) d’opérations de change ou d’opérations sur valeurs à revenu fixe dans le contexte de l’intermédiation de telles opérations (quelle qu’en soit la description)… |
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