Give-up functions allow investors to instruct one TIFFE member to handle trade executions while instructing another member to take care of clearing and settlements.
One of the advantages is that Give-up functions facilitate investors' benefit. For example, investors are able to reduce administrative burden and operation costs as well as margin requirement by appointing single TIFFE member to handle clearing and settlements of all their transactions executed through other members.
TIFFE has already introduced Give-up functions on all futures contracts since October 1999. With this introduction, Give-up functions are available on all TIFFE contracts.
