|
|
Indemnity commission |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Indemnity 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'.Similar MatchesInternational Organization of Securities CommissionersInternational Organization of Securities CommissionersIn the US, this organisation encourages co-operative policies on market regulation, surveillance, and enforcement at the domestic and international levels in order to maintain just and efficient securities markets. 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. Fee and commission compensationFee and commission compensationSee: Fee-based compensation Commodity Futures Trading Commission (CFTC)Commodity Futures Trading Commission (CFTC)An agency created by the US Congress in 1974 to regulate exchange trading in futures. Commission houseCommission houseA firm that buys and sells futures contracts for customer accounts. Related: futures commission merchant, omnibus account. Further SuggestionsCommissionCommission Securities and Exchange Commission Rules Securities & Exchange Commission (SEC) commission house Commodity Futures Trading Commission Underwriting Commission Futures commission merchant (FCM) Futures Commission Merchant Split commission Federal Maritime Commission (FMC) Securities and Exchange Commission Commission broker |
|
|
|