Fia Lme Give Up Agreements

A: With the launch of the new platform, access data to the new system will be migrated. The current website is closed and agreements and data are no longer available via the web interface or API. A: The fee is calculated only for executed agreements. Agreements terminated in docs are not included in the evaluation. Companies that are concerned that some of their executed agreements will no longer be active should review their agreements to determine whether some of them should be terminated. Giving up is no longer a common business practice in financial markets. Giving up was more common before the development of e-commerce. In the age of parquet trading, one broker may not be able to put it on the floor, and another broker would place trading as a kind of proxy. Overall, conducting a trade on behalf of another broker is usually part of a waiver agreement agreed upon in advance. Abandonment also requires another person who carries out the trade (Part A).

A: The system is organized by institutions and parties. Institutions can be a short, generic name, such as Best Securities, that encompasses all associated companies (parties). The names of the institutions do not have a legal position and will not appear in the agreements; This is just a way to organize affiliates under the same name. Party names should represent legal persons, for example. B Best Securities, Inc., Best Securities, LLC, Best Securities Pty. All documents below an institution are visible to all parties. If a company does not want an affiliate to have access to another affiliate`s documents, the Affiliate must be under a separate institution. Clearing Broker: the party that maintains a futures clearing account for the client and to which positions resulting from orders executed by a broker-exporter in accordance with the agreement are ultimately abandoned. . . .