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Before you proceed, please take a moment to review and accept the following Terms and Conditions.
This section includes investor type descriptions for professional clients and market counterparties.
Professional client
A Professional Client is either: (i) a ‘deemed’ professional client; (ii) serviced-based professional client; or (iii) an assessed professional Client
(i) Deemed Professional Client
A person is a “deemed” professional client if the person is:
- a supranational organisation whose members are either countries, central banks or national monetary authorities
• a government, government agency, central bank or other national monetary authority of any country or jurisdiction
• a public authority or state investment body
• an Authorised Market Institution, Regulated Exchange or regulated clearing house
• a Regulated Financial Institution or the management company of a regulated pension fund;
• a Collective Investment Fund or a regulated pension fund;
• a corporate body whose shares are listed or admitted to trading on any exchange of an IOCSO member country
• trustee of a trust which has, or had during the previous 12 months, assets of at least $10 million;
• a Single Family Office licensed under the Single Family Office Regulations
• a person classified as a ‘large undertaking’ who meetstwoof the following criteria (i) a balance sheet total of at least $20 million; (ii) a net annual turnover of at least $40 million or (iii) own funds or called up capital of at least $2 million
(ii) Service-based Professional Clients
A person is a ‘serviced-based’ professional client if
- the services provided to the client is in relation to the provision of credit including arranging and/or advising on credit
• the services provided to the client relates to corporate structuring and financing such as advice relating to an acquisition, disposal, structuring, restructuring, financing or refinancing of a corporation or other legal entity i.e. takeovers, mergers and capital raising
(iii) Assessed-based Professional Clients
Assessed-based professional clients can be either (i) individuals; or (ii) undertakings
Individuals
An individual (and associated joint account holders) would be classified as an ‘assessed-based professional client’ if:
- the individual (and primary account holder, if relevant) has net assets of at least $1 million; and
• the individual is, or has been, an employee of an authorised firm or a regulated financial institution in the past two years; or
• the individual can provide evidence which demonstrates that they have sufficient knowledge and experience of relevant markets, products and associated risks
Where there is a joint account in place, the secondary account holder must obtain confirmation in writing that investment decisions relating to the joint account are made for or on behalf of the secondary account holder
Undertakings
Undertakings, which are generally not individuals, would be classified as ‘assessed-based’ professional clients if it:
- has own funds or called up capital of at least $1 million; and
• can evidence that they have sufficient knowledge and experience of relevant markets, products and associated risks
Market counterparties
A Market Counterparty is any person who is either:
- authorised firm;
• regulated financial institution; or
• professional client
VIDEO SERIES
3+1 weekly market insights
“3 Things You Need to Know + 1 You Don’t!”
The 3+1 Active Investors Series is BlackRock’s weekly investor video franchise, created to start your week with insights from the voices shaping markets. Featuring the firm’s leading active investors, each episode highlights three perspectives on what’s driving markets today.
The 3+1 Active Investors Series is BlackRock’s weekly investor video franchise, created to start your week with insights from the voices shaping markets. Featuring the firm’s leading active investors, each episode highlights three perspectives on what’s driving markets today.
BlackRock |
3+1 Series
Transcript
Episode 106: Rick Rieder & Special Guest Eli Manning
060426
Rick: Can I see Eli? Rock and Roll. Eli: Alright, alright. I’m Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock. It’s the week of June 8th. Here are three things you need to know, and one you don’t, with my special guest Eli Manning.
Eli: I’m #1 look I made it.
First Up.
Rick: When we’re in the investment business we’re under pressure, stress. We prep for things, but then like the world changes.
Eli: These are situations you crave. Being down four points in a Super Bowl, two minutes left. The mindset is: Hey we prepared, we’re about to go be Super Bowl champions if we just do our job.
Number two.
Rick: Have you always been a natural leader? Look within our business you gotta rely on your team. You gotta trust in your team.
Eli: Sure. I think it's the same way in sports. I had to show them, hey I'm putting in the work. I'm the first one in, I'm the last one to leave. I’m gonna make mistakes, but I'm gonna learn from my mistakes. At that point, when you’ve proven that you've put in the work, you've put in the time, you can kinda start being a little bit more vocal.
Rick: We do the same, although sometimes we don't know how they’re gonna react.
Eli: Some you gotta sweet talk a little bit. Which brings us to.
Rick: I have signs all over my house that say, “work hard, play hard, give back, reboot.”
Eli: When I came to the Giants and came to New Jersey and New York, I used to visit the hospital a lot in New Jersey, Hackensack. And, you see kids ya know dealing with pediatric cancer. It's not enough just to visit. I wanna do something to get them healthy, get them back home, get them to be a kid again.
Rick: Ya know, for me it's been on kids’ lives, and particularly in urban settings, that don't get a fair shot. Ya know somebody who you know who has the talent, you know has the potential, and they just need a little bit of help along the way, and then watch them succeed.
And finally.
Rick: We had dinner one night and I noticed my phone wasn't next to me, because you changed the language of my phone into Chinese. I was actually trading and investing that night, and it was one of the most horrifying experiences.
Eli: That was early on. I've gotten a little bit smarter, there’s just some people you can’t mess with.
To get more 3+1 and stay up on everything you need to know, and some things you don’t… Make sure to follow us on LinkedIn & YouTube. We’ll see you next week.
3+1 Episode 6: Rick Rieder with Eli Manning
In this week’s episode of 3+1, Rick Rieder, BlackRock’s CIO of Global Fixed Income, is joined by two-time Super Bowl champion Eli Manning for a conversation about preparation, leadership and performing under pressure.
Previous episodes
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