Qualified Special Representative Agreement(redirected from QSR Agreement)
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.
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