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Accounting
Banking

Sweep Account

An account whereby a brokerage firm may automatically transfer- or sweep- a client's surplus funds (unused cash) into a specific...

Take-Up Instruction

A procedure in derivatives trading (part of allocation process) whereby a broker sends an instruction a custodian to take up...

Take-Up

A procedure in derivatives trading (part of allocation process) whereby a broker sends an instruction a custodian to take up...

Give-Up Instruction

A procedure in derivatives trading whereby a broker instructs the custodian to allocate a derivative trade to another account than...

Give-Up

A procedure in derivatives trading whereby a broker instructs the custodian to allocate a derivative trade to another account than...