A procedure in derivatives trading (part of allocation process) whereby a broker sends an instruction a custodian to take up a trade in case the broker is not the custodian of the final client. Initially, the brokers sends a give-up (give-up instruction) to a custodian for allocation: the custodian will try to allocate the trade on the account of that client. If the custodian is not that of the client, a take-up will be sent to the right custodian.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Comments