83,363
edits
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
{{a|g|}}The fees one pays a [[broker]] to buy or sell securities for one, or to a [[swap dealer]] or enter in to derivatives having an equivalent effect. | {{a|g|}}The fees one pays a [[broker]] to buy or sell [[securities]] for one, or to a [[swap dealer]] or enter in to [[Equity derivatives|derivatives]] having an equivalent effect. The strict difference is that cash brokerage is usually a form of [[commission]] — payable to an [[agent]] for brokering a transaction between two [[principal]]s, whereas synthetic brokerage is a [[fee]] paid to one’s [[principal]], the [[swap counterparty]] and is not, as such, a [[commission]] in that pure sense. | ||
But, unless you are in the habit of inviting pedants to dinner, the distinction is a fine one indeed | But, unless you are in the habit of inviting pedants to dinner, the distinction is a fine one indeed. | ||
{{sa}} | {{sa}} | ||
*[[Principal]] and [[agent]] | *[[Principal]] and [[agent]] | ||
*[[Broker]] and [[dealer]] and that gruesome hybrid, the [[broker-dealer]] | *[[Broker]] and [[dealer]] and that gruesome hybrid, the [[broker-dealer]] |