|
|
Federal Maritime Commission (FMC) |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Federal Maritime Commission (FMC)A U.S. government agency that regulates and administers the shipping industry. This agency also grants freight forwarder licenses.Federal Maritime Commission (FMC) Similar MatchesCommissionCommissionCompensation due a real estate broker for acting on behalf of the principal. CommissionCommissionPayment made to a stockbroker when you buy or sell shares. In general, the level of commission you pay will either be a flat fee (possibly going up in stages according to the size of the deal) or a percentage based on the size of the deal.An important determinant of the amount of commission you pay will be the kind of service you get from your broker.Discretionary : the broker has general discretion as to how he manages your portfolioAdvisory: the broker will contact you to suggest changes in the composition of your portfolio, but he does not have the authority to trade on a completely discretionary basis.Execution only: the broker's primary function is to execute the buy/sell instructions which you give him. He does not give advice either proactively or at your request.As a rule, execution only brokers are the cheapest for transaction costs. Futures Commission MerchantFutures Commission MerchantIn the US, an individual or organisation accepting orders to buy or sell futures contracts or futures options, and accepting payment for his services. FCMs must be registered with the CFTC and the NFA. Fee and commission compensationFee and commission compensationSee: Fee-based compensation Indemnity commissionIndemnity commissionWhere a life company pays commission to an agent, the company does so on the proviso it will be entitled to take back some or all of the commission if the policy is cancelled within a given period. Also known as 'clawback'. Further Suggestionscommission houseSecurities and Exchange Commission Futures commission merchant (FCM) Commission broker International Organization of Securities Commissioners Commodity Futures Trading Commission Underwriting Commission Securities and Exchange Commission Rules Commission Securities & Exchange Commission (SEC) Commission house Commodity Futures Trading Commission (CFTC) Split commission |
|
|
|