Carried agreement

Italian translation: accordo di custodia

13:15 Apr 24, 2024
English to Italian translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: Carried agreement
This terms refers to a type of contract with regards to what is elsewhere defined as "carrying agreement".
In this context, the term "carrying" may be interpreted as performing a series of task for brokers. This could "include ensuring regulatory compliance, recording and distributing client documents, and monitoring credit risk for margin accounts."**



According to FINRA regulation:

"Each such carrying agreement(s) shall identify and bind every direct and indirect recipient of clearing services as a party thereto.
(2) A carrying firm may enter into a carrying agreement(s) for the carrying of the customer accounts of a person other than a U.S. registered broker or dealer, subject to the conditions set forth in this Rule.
(b)(1) The carrying firm shall submit to FINRA for prior approval any agreement for the carrying of accounts, whether on an omnibus or fully disclosed basis, before such agreement may become effective. The carrying firm also shall submit to FINRA for prior approval any material changes to an approved carrying agreement before such changes may become effective."


Useful links

Definition of Carrying Agreements by the FINRA
https://www.finra.org/rules-guidance/rulebooks/finra-rules/4...

**Definition of Carrying Broker - Investopedia
https://www.investopedia.com/terms/c/carryingbroker.asp
David Bonnano
United Kingdom
Local time: 08:36
Italian translation:accordo di custodia
Explanation:
Could this be //Accordo di custodia// (Custody Agreement)?
This is because it describes agreements in the financial services industry where one firm handles the operational and administrative tasks for another, particularly in relation to client accounts and trade settlements...

What do you think?

Discusses investment management and custody services, which is related to the concept of //accordo di custodia//
https://www.poste.it/prodotti/investimenti-gestione-patrimon...

Another article which related to the regulatory frameworks for crypto-assets, including custody services...
https://www.dirittobancario.it/art/decreto-fintech-e-micar-i...


Selected response from:

Sakshi Garg
India
Local time: 13:06
Grading comment
Thanks a lot! It does make sense.
This was very helpful. Again, many thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
4accordo di custodia
Sakshi Garg


Discussion entries: 2





  

Answers


1 day 1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
carried agreement
accordo di custodia


Explanation:
Could this be //Accordo di custodia// (Custody Agreement)?
This is because it describes agreements in the financial services industry where one firm handles the operational and administrative tasks for another, particularly in relation to client accounts and trade settlements...

What do you think?

Discusses investment management and custody services, which is related to the concept of //accordo di custodia//
https://www.poste.it/prodotti/investimenti-gestione-patrimon...

Another article which related to the regulatory frameworks for crypto-assets, including custody services...
https://www.dirittobancario.it/art/decreto-fintech-e-micar-i...




Sakshi Garg
India
Local time: 13:06
Native speaker of: Native in EnglishEnglish, Native in FrenchFrench
PRO pts in category: 4
Grading comment
Thanks a lot! It does make sense.
This was very helpful. Again, many thanks
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