# Prime broker (so also said in German; more rarely hedge fund broker)

- Canonical URL: https://www.gerhardmerk.de/prime-broker-so-also-said-in-german-more-rarely-hedge-fund-broker
- Post ID: 592865
- Modified: 2023-07-25T21:14:10+00:00
- Language: en

## Definition

Financial service providers that are wholly or predominantly focused on servicing hedge funds. These are primarily - the provision of debt capital against collateral to finance margin and variation margin calls on futures markets, - the procurement of securities, - intermediary services in connection with a securities borrowing, - the procurement and settlement of securities transactions undertaken by the hedge fund, and also - the custody of securities. - See hedge funds, hedge fund risks, master- Capital management company, special purpose entity. - Cf. 2003 Annual Report of BaFin, P. 213, BaFin Annual Report 2004, p. 182 (fact sheet), BaFin Annual Report 2007, p. 168 f. (new definition of prime broker in § 2, para. 15 InvG; description of duties). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

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