Overview

This eCourse consists of two modules. Module 1 provides a broad overview of prime brokerage, which is a bundled package of services offered by large investment banks to largely hedge fund clients. It also covers the development of the business before and after the crisis, how hedge funds have come to be major clients, and the key features, risks and challenges faced by the prime brokerage industry.

Module 2 looks at the main services provided by prime brokers, who offer a range of services to institutional clients, particularly hedge funds, in the clearing, settlement, asset servicing arena, and securities lending arena.

Objective

On completion of this course, you will be able to:
- Recognise the development of the prime brokerage business and how hedge funds are the key clients of prime brokers
- Identify the key features of the prime brokerage industry, and the major risks and challenges faced by prime brokers.
- Recognise the key role played by prime brokers in clearing and settling trades and providing asset servicing for their institutional clients.
- Identify the key securities lending services offered by prime brokers.

Content

Module 1: Prime Brokerage - An Introduction
Topic 1: Overview of Prime Brokerage
Topic 2: The Prime Brokerage Business

Module 2: Prime Brokerage – Services
Topic 1: Trade Execution & Asset Servicing
Topic 2: Securities Lending & Financing