worked principal agreement
worked principal agreement (WPA)
An agreement by a London Stock Exchange (LSE) member firm to effect as principal (at some future time) a transaction in a SETS security or a portfolio transaction which includes SETS securities within agreed price and size parameters.
The agreement is reported to the LSE under the LSE's WPA regime.
For further information, see the LSE website: .
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • worked principal transaction — (WPT) A transaction arising from a worked principal agreement. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • WPA — worked principal agreement (WPA) An agreement by a London Stock Exchange (LSE) member firm to effect as principal (at some future time) a transaction in a SETS security or a portfolio transaction which includes SETS securities within agreed price …   Law dictionary

  • WPT — worked principal transaction (WPT) A transaction arising from a worked principal agreement. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • portfolio — port·fo·lio /pōrt fō lē ō/ n: the securities held by an investor: the commercial paper held by a financial institution (as a bank) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. portfolio …   Law dictionary

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