multi-clearer non broker

multi-clearer non broker
Multi-clearer (non-broker): following the January 1, 1992 introduction of distinct licences for each type of activity handled by brokerage firms, member firms with this status are authorized to handle clearing operations only. NYSE Euronext Glossary
Multiplier Figure used to multiply the cushion in order to calculate risky asset exposure. NYSE Euronext Glossary

Financial and business terms. 2012.

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