The system provides automatic accrual and writing-off of various commissions based on templates which can be created and customized by a back officer.
At present, there are over 50 types of commission plans in the system. It is possible to use a fixed amount of commission or set progressive scales, minimum and maximum amounts of commissions for each day, etc. The list of supported types of commission is constantly extended.
Examples of commission fees used in the system
- for the turnover,
- for transactions on the derivatives market,
- for “voice” orders submitted by clients,
- for margin usage,
- for certain types of services with a floating rate (linked to LIBOR, EURIBOR, EONIA, a key rate, etc.),
- accrued interest on the cash balance (including non-working days)
For every commission calculation algorithm, it is possible to set various sources of price information for asset evaluation (e.g. market price, clearing quote, average weighted price, etc.) that the system will explore to a given depth (in days).