(SB-44) A/e 2nd Rebate Module
-----------------------------------
This module is for broker firm to handle rebate management for either Fund House (CLIENT REBATE) or Non-registered A/e.
To use the system as CLIENT REBATE:-
---------------------------------------
Original A/e who handle a specific Fund will need a new A/e Code.
e.g. Original code is C1
New code for C1 is C188, 88 is for FUND A.
When FUND A input an order with comm. 0.5%, RUNNER REBATE Rate 0.35, within which 0.25% is 2ND REBATE for
FUND/CLIENT.
example:-
Then a trade of $100,000 will have commission $500, RUNNER GROSS REBATE is $500, 2ND REBATE TO FUND/CLIENT is $250,
thus net RUNNER REBATE is $100. The rest will be for CO.
Note: Since SB do not have an A/e account for the FUND manager,
user need to print AE REBATE REPORT FOR C188 to
show rebate for FUND A:
Turnover Comm Gross rebate 2nd Rebate Runner Rebate
100,000 500 350 250 100
To use the sytem for Non-registered A/e
---------------------------------------
e.g. An A/e has not yet passed examination,and technically can not handle investment
advise for his client a/c. An alternative is to
make use an existing A/e with
qualification to handle his client's account. The 2nd rebate here can be used for
calculate the share of the
un-registered A/E.
i.e. The 1st rebate will be for the qualified A/e, and the 2nd rebate will be the portion for the new A/e.
When the New A/e has passed the exam. A new A/e code will be for him and the 2nd A/e code will no longer be used.
Price: HK$6,000