Глоссарий

Agency relationship - (рус. Агентские отношения) - a contractual relationship in which one party, the agent, acts on behalf of another party, the principal. The agent may execute trades for the principal but is not responsible for performance by the principal.

(Committee on Payment and Settlement Systems "A glossary of terms used in payments and settlement systems", March 2003, англо-русский словарь терминов по депозитарному хранению и клирингу, www.dcc.ru)

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