Bonds & Fixed Income Partners & introducers
Introducer fees computed on what was allocated, not ordered
How a bond distributor calculated introducer fees from the allocation actually received rather than the order placed.
The starting point
A client has introducers bringing clients into new issues. Fees were calculated from the order placed, then corrected after the book was scrubbed and the allocation scaled, so introducers were paid twice-adjusted numbers late.
What they needed
- Compute the concession on the allocation actually received
- Accrue trailer fees on holdings through the period
- Handle different terms per introducer
- Show the working when a number is queried
What FYNXT delivered
FYNXT computes the concession from the confirmed allocation rather than the order, accrues trailer fees on holdings through the period, and attaches the calculation to every payable.
What changed
- Fees follow the allocation, not the order
- Corrections stop being the norm
- A queried payable shows its working
- Dealing & trading ops
New-issue orders aggregated and allocated back cleanly
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Suitability checks that stop an order before it is placed
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Calls and tenders that reach the client before the deadline
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Next step
See how FYNXT would run this for your firm.
Book a demo and we will walk through this use case on your own set-up, with the systems you already run.