Give-up Trades

거래는 A증권사에서 하고, 결재는 B증권에서 하는 경우 A증권사는 결재를 포기한다는 의미에서 give-up trade

• In a give-up agreement, an executing broker places a commodity or security trade on behalf of another broker.
• It is called a "give up" because the broker executing the trade gives up credit for the transaction on the record books.
• Give up was common before electronic trading, but it is not generally practiced in modern financial markets.
• Acceptance of a give-up trade is sometimes called a give in.
• Compensation for the give-up trades is not clearly defined by industry standards and usually involves prearranged agreements between brokers.

출처: www.investopedia.com/terms/g/giveup.asp