Commissions
are normally transferred on the 15th of the month to allow
for the majority of your RDs (Returned Debits) to be received before
paying commissions. Once the commission run has been completed, each
broker is e-mailed an HTML document detailing each of the transactions
on which commission was earned. Concurrently, an unload of this
information is created whereby the finance department can import the
list for payment via EFT to the broker. Commission payments also take
into account brokers that are not VAT vendors.
