Equity finance and primary brokerage and their products
Equity finance and primary brokerage and their products
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J.E.Y · External communityPost link
External question — Quantitative Finance Stack Exchange
Author: J.E.Y
Original post: https://quant.stackexchange.com/questions/50617
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
I was in the project working on the asset classes known as
EF/PB
, which is short for
Equity Fiance / Primary brokerage
, I understand that Equity finance is more or less about securities lending, and my manager told me that the product of the EF is repo.
I understand securities lending and repo conceptually, but there are some more details I'd like to hammer out:
As a dealer-broker, which is what my firm is, is it that we loan out
the securities and hold collateral from the counter-parties, or the other
way too? Normally how does the business flow and how the risk is assessed?
the word
Loanet
pops up once a while and I found online it only links
to one firm,
SunGuard
. I take that it isn't a general term rather the
product from SunGuard? Can anyone clarify/elaborate on it?
How about primary brokerage? I understand there are primary dealers
who are prodigiously qualified to participate in Treasury&Fed's bond
auctions. But when it's used in the context as an asset class, what
does it mean and what're its products?
Sorry I should have thrown these questions at my boss but I am no long with the firm.
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Quoted from Forex.com.bd-Editorial External question — Quantitative Finance Stack Exchange Author: J.E.Y Source score (net votes, not local likes): 0 Original post: https://quant.stackexchange.com/questions/50617 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I was in the project working on the asset classes known as EF/PB , which is short for Equity Fiance / Primary brokerage , I understand that Equity finance is more or less about securities lending, and my manager told me that the product of the EF is repo. I understand securities lending and repo conceptually, but there are some more details I'd like to hammer out: As a dealer-broker, which is what my firm is, is it that we loan out the securities and hold collateral from the counter-parties, or the other way too? Normally how does the business flow and how the risk is assessed? the word Loanet pops up once a while and I found online it only links to one firm, SunGuard . I take that it isn't a general term rather the product from SunGuard? Can anyone clarify/elaborate on it? How about primary brokerage? I understand there are primary dealers who are prodigiously qualified to participate in Treasury&Fed's bond auctions. But when it's used in the context as an asset class, what does it mean and what're its products? Sorry I should have thrown these questions at my boss but I am no long with the firm.
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