Financial

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive
The Debentures were offered on an agency basis by a syndicate of agents co-led by TD Securities, RBC Capital Markets, BMO Capital Markets and CIBC Capital Markets.
Isidro Ungab currently chairs the Appropriations panel that has 25 vice chairmen who help facilitate plenary debates on the budget on a per agency basis.
The international performance reflects a temporary change in the US operating model relating to the distribution of the Clarke & Clarke and Studio G brands in that revenue was recorded on an agency basis rather than on a distribution basis, the company explained.
The offering will be made in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario on a "best efforts" agency basis through a syndicate of agents led by Bloom Burton Securities Inc.
Management told workers that the factory, which was run on an agency basis by Nobel's Explosives, a subsidiary of ICI, would close in March 1990 - as planned.
Mr Ross explained: "He is employed on an agency basis. He is required to go all over the country to work on different sites."
Through January, there has been a modest recovery in the market for risk assets and the Agency basis, and we estimate that book value increased approximately 2% through January 31, 2019.
Actually, my initial thoughts when I first read the advert was that it was a wind-up, designed to go viral on social media, maybe as an advertising campaign for a company offering various types of outsourced domestic help on an agency basis, as and when required.
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 0.31 per Matrrix share.
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