Agency basis

Agency basis

A means of compensating the broker of a program trade solely on the basis of commission established through bids submitted by various brokerage firms.

Agency Basis

A form of compensation to a broker through commissions that are established by bids submitted by different brokerages. Agency basis compensation is used for brokers who handle program trading.
References in periodicals archive ?
The offering is being done on a best efforts agency basis by a syndicate co-led by RBC Capital Markets, BMO Capital Markets and Scotiabank Global Banking and Markets and that includes CIBC World Markets, TD Securities, Bank of America Merrill Lynch, National Bank Financial, HSBC Securities, Desjardins Securities, Canaccord Capital, Laurentian Bank Securities and Manulife Securities Incorporated.
The debentures will be sold on a best efforts agency basis by a syndicate led by RBC Capital Markets (RBC) (TSX: RY) (NYSE: RY) and Canadian Imperial Bank of Commerce (CIBC) (NYSE: CM) (TSX: CM), as co-leads.
Handelsbanken operates a policy of no sales targets or bonuses for its staff and it has no presence on the High Street, although customers can use other bank branches for transactions on an agency basis.
The Economist also understands that the bank, which has promised a new generation banking model, will offer transactions on an agency basis, primarily through transactions at retail outlets and service stations.
Eleven dealers are currently providing liquidity to the marketplace, which supports trading on a risk, closing NAV or agency basis.
Clearly, no such cynicism was involved in Airbus's decision to hire these staff on an agency basis.
We believe we are the only agent to be appointed by Regus on a sole agency basis north of Cambridge and look forward to working with them.
CAT training is open to allied law enforcement agencies because of the benefits inherent in sharing training with others, both on an individual and an agency basis.
In some significant respects, the department's processes for setting requirements, allocating resources, and managing acquisitions encourage investing in systems on an individual service and defense agency basis.
A spokesman said: "We have been told she did work on a sort of agency basis and invoiced the parliament.
provision of nurses on an agency basis to both NHS Trusts and the private
Lambert Smith Hampton director of retail agency Nick Round and surveyor Simon Handslip will handle lettings of retail units in the Trident Shopping Centre on a joint agency basis with Jon Stoddard of Stoddard Shields