Common use of SPECIAL COMMISSION ARRANGEMENTS Clause in Contracts

SPECIAL COMMISSION ARRANGEMENTS. 11.1 The Client acknowledges that NCB Capital is entitled to enter into special commission arrangements where services are received in addition to trade execution services from an intermediary in return for the commission paid on transactions directed through that intermediary. NCB Capital will only enter into a special commission arrangement if the following conditions are met or otherwise in accordance with the Implementing Regulations: (a) NCB Capital provides best execution to the Client in relation to the relevant transactions; (b) the goods or services received by NCB Capital may reasonably be regarded as being for the benefit of its clients; and (c) the amount of any fees or commissions paid to the provider of the goods or services are reasonable in the circumstances.

SPECIAL COMMISSION ARRANGEMENTS. 11.1 The Client acknowledges that NCB Capital is entitled to enter into special commission arrangements where services are received in addition to trade execution services from an intermediary in return for the commission paid on transactions directed through that intermediary. NCB Capital will only enter into a special commission arrangement if the following conditions are met or otherwise in accordance with the Implementing Regulations: (a) NCB Capital provides best execution to the Client in relation to the relevant transactions; (b) the goods or services received by NCB Capital may reasonably be regarded as being for the benefit benefit of its clients; and (c) the amount of any fees or commissions paid to the provider of the goods or services are reasonable in the circumstances.