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 Debentures are being offered on a best efforts agency basis by a syndicate of agents co-led by RBC Capital Markets, TD Securities and BMO Capital Markets.
Matrrix is also pleased to announce that it has closed its previously announced private placement of Matrrix shares on a "best efforts" agency basis at a price of CDN 0.
Clean shares, as defined by the Securities and Exchange Commission, are characterized by a lack any ongoing distribution expenses, sub-transfer agency, or recordkeeping fees, and that financial intermediaries transact shares solely on an agency basis.
The offering will be undertaken on a "best efforts" agency basis in the provinces of Ontario, British Columbia and Alberta pursuant to the company's preliminary short form prospectus dated 24 May 2017, filed with securities regulators in Ontario, British Columbia and Alberta.
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.
On a per agency basis, DBM data showed that the largest amount went to the Department of Social Welfare and Development, which spent P6.
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.
It was during a visit to a doctor's surgery that Hutchinson spotted a newspaper advertisement looking for somebody prepared to carry out sewage treatment work on an agency basis, something he now admits he knew absolutely nothing about at that time.
to sell on a commercially reasonable efforts agency basis, up to 5,000 units for gross proceeds of up to USD5m, and the balance of the financing is likely to be completed by the company on a non-brokered basis.
Clearly, no such cynicism was involved in Airbus's decision to hire these staff on an agency basis.