Industry practices regarding payments for external research are evolving due to the Markets in Financial Instruments Directive II (MiFID II), an EU directive requiring the unbundling of external research costs from trade
execution costs.
Consequently, another major strand of the literature argues that PDRs less than one reflect the
execution costs faced by tax-neutral or tax-advantaged entities employing "dividend capture" strategies (see, e.
The R&D and
execution costs may be much greater than estimated.
However, if the proceeds are not adequate for the repayment of the whole mortgage debt and the expenses of the sale, the judgment creditor is liable for the shortfall; the court may order the shortfall to be added to the sum of the judgment debt as
execution costs.
The total project expenditure covers land, and project development and
execution costs.
However, factors such as high
execution costs and unwillingness in adoption of business analytics are hindering the growth of this market.
The Freddie Mac Value-Add Program offers short-term, cost-effective financing for modest property upgrades and benefits including competitive pricing, lower
execution costs, and a central location for upgrade and permanent financing.
These comprise stamp duty and cash tax of USD 339m, South32 set up and separation costs of USD 254m and
execution costs of USD 145m, including financial advisor costs of USD 30m.
By optimizing routing rules to specific criteria, Orc Smart Order Router is equally effective for reducing
execution costs as for improving quality of execution to achieve Best Execution.
The ensuing discussion in Part III of the rigours of properly filling out and filing the form for the subsection 85(1) rollover election illustrates that these
execution costs can be onerous.
They also found that
execution costs reduced after the change, with large institutional orders experiencing the largest reduction, suggesting that spread reduction dominates depth reduction.
and electricity worth KD 25,000 and relevant
execution costs reach KD 526.
