Prime Brokerage Account Opening Workflow Template

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Overview: Prime Brokerage Account Opening Workflow Template

This workflow template illustrates the initial setup and opening of new 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 Opening processes.

Download a Free Sample of this Workflow Template


Process Details and FAQ: Prime Brokerage Account Opening

What is included in the Prime Brokerage Account Closing process?

The Prime Brokerage Account Opening process involves the initial setup and opening of new prime brokerage customer accounts. This process includes customer account opening request reception, customer information collection (contact customer, if needed, to obtain any missing information or documentation), submission of information to prime brokerage compliance group, account number assignment and initial funds transfer. Ensure that the customer is notified when the account is opened. Prime brokerage services are typically provided by most large brokers to other large institutions and hedge funds.


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

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


  • 1.Cycle Time: Prime Brokerage Account Opening
  • 2.New Brokerage Accounts Opened per Prime Brokerage Employee
  • 3.Number of Prime Brokerage Client Accounts

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

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


  • Customer
  • Customer Service Representative
  • Prime Brokerage Compliance Officer

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 Opening

    - 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

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