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Other forms of risk inherent in Prime Brokerage include operational risk and reputational risk. Prime brokerage agreements lay the foundation for the relationship between the prime broker and the client, outlining the terms, conditions, and obligations of both parties. These agreements are crucial in defining the scope of services provided, the fee structure, and crypto prime brokerage the rights and responsibilities of both the broker and the client. They serve as a legal contract that safeguards the interests of both parties and provides a reference point in case of any disputes or discrepancies.
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