• In an opt-out agreement, an executing broker places a commodity or securities transaction on behalf of another broker.
  • It’s called “give up” because the broker executing the trade forgoes credit for the transaction on the ledgers.
  • Concession was common before e-commerce, but it is not commonly practiced in today’s financial markets.
  • The acceptance of an assignment is sometimes called an assignment.
  • Rejection compensation is not clearly defined by industry standards and usually involves pre-negotiated agreements between brokers.