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FX Master Give-Up Agreement

The Foreign Exchange Committee's 2005 Master FX Give-Up Agreement provides terms for documenting foreign exchange "give up" relationships, in which a party designated by a prime broker executes transactions with a dealer that are "given up" to the prime broker. The Master FX Give-Up Agreement is accompanied by a Compensation Agreement, which may be executed by the prime broker's designated party and a dealer to provide for compensation of losses in the event the prime broker does not accept "give up" of a transaction.