Prime Brokerage Account Closing Workflow Template

OpsDog Prime Brokerage Account Closing Workflow - Preview Image

Overview: Prime Brokerage Account Closing Workflow Template

This workflow template illustrates the closing and final servicing of prime brokerage customer accounts. Purchase and download this template in PDF, Visio (VSD) and PowerPoint (PPT) formats. You can customize it to fit your own organization, or simply use it to better understand Prime Brokerage Account Closing processes.

Download a Free Sample of this Workflow Template


Process Details and FAQ: Prime Brokerage Account Closing

What is included in the Prime Brokerage Account Closing process?

The Prime Brokerage Account Closing process involves the closing and final servicing of prime brokerage customer accounts (prime brokerage services are typically provided by most large brokers to other large institutions and hedge funds). This process includes communications with clients, client instruction (for transfers or liquidation) completion, exposure reviews (late charges, dividends on margin shorts, debit charges, residual balances), compliance reviews and final account closure and monitoring. Customer service representatives should determine the reason for the client's desire to close the account (clients can be called, if necessary) as it may provide future opportunities for improvement.


Which KPIs, or metrics, are typically used to measure this process?

The following metrics may be used to measure the Prime Brokerage Account Closing process:


  • 1.Cycle Time: Account Closing
  • 2.Unit Cost: Wire Transfer (All Outgoing)
  • 3.Wire Transfer Error Rate

Which employees and/or departments are involved in this process?

The following parties are typically involved in the Prime Brokerage Account Closing process:


  • Customer
  • Customer Service Representative
  • Margin
  • Prime Brokerage Compliance

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.


How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.


How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF, Visio (VSD) and PowerPoint (PPT) formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.


Questions?Call: 844-650-2888Email: info@opsdog.com
  • Workflow Template

    $15

    Prime Brokerage Account Closing

    - Instantly download files
    - Includes PDF, VSD, PPT file formats
    - Customize PPT and Visio versions
    - Mapped in BPMN 2.0 format

    Questions?

    Call: 844-650-2888

    Email: info@opsdog.com

Related Products

Looking for a custom solution?

OpsDog’s remote analytical team can provide custom, high quality data, reports and analysis for your organization with low cost and risk. Custom solutions include:

Questions?Call: 844-650-2888Email: info@opsdog.com

Let's find a solution that works for you. Fill out the form below and an OpsDog team member will contact you shortly to learn more about your needs...

Need help?
Call: 844-650-2888
Email: info@opsdog.com
TOTAL:
Tax will be calculated in the purchase step.
Continue to Payment
Please login to continue your purchase
Need help?
Call: 844-650-2888
Email: info@opsdog.com
Need help?
Call: 844-650-2888
Email: info@opsdog.com
Back to Top