Give up / Take up

Give-up is an operation in which a client requests the execution of an order to a Member (called Executing Member), with the particularity that he also requests that, once the order is matched, transfer the record of the transaction  to another Member (called Destination Member) so that the transaction is registered in a Position Account of the Destination Member so that it meets the clearing and settlement obligations.

The Destination Member and, in the event that it is a Non-Compensating Member, his Clearing Member, may accept or reject the Give-up request. The total acceptance of the Give-up application is called acceptance or give-in.

There is no change in the price of the operation and the maximum volume is that of the original operation.

The type of operation that identifies the Give-up is "G".
Copyright® BME 2020
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