Qualified Special Representative Agreement


Also found in: Wikipedia.

Qualified Special Representative Agreement

An agreement between brokers and/or dealers to settle a transaction without using the NASDAQ ACT system. Under a QSR, the brokers and/or dealers agree to settle the trade directly through the National Securities Clearing Corporation. This may be an inconvenience to the brokers and/or dealers, but processing tends to be simpler and there are fewer costs to the transaction.
Full browser ?