If you ever wanted to see what a prime brokerage agreement between a big bank (Citi) and a "joint family office" of rich FX traders looks like, now's your chance:
From Bloomberg's coverage of a FX dispute over the SNB crash:
http://www.bloombergview.com/article...ners-fx-losses
Refer to the pdfs attached to this article (Prime brokerage agreement, ISDA agreement...). With $10M of collateral, they had a 20 to 1 leverage and a commission of $6 per million notional...
From Bloomberg's coverage of a FX dispute over the SNB crash:
http://www.bloombergview.com/article...ners-fx-losses
Refer to the pdfs attached to this article (Prime brokerage agreement, ISDA agreement...). With $10M of collateral, they had a 20 to 1 leverage and a commission of $6 per million notional...