• Brokers' confirmations and statements should express brokerage in US dollars.

    • BC-2.10.3

      In a forward-forward deposit (e.g. one month against six months) the brokerage to be charged shall be on the actual intervening period (i.e. in the above example - five months).

      October 07

    • BC-2.10.4

      Put-through deals may be net of brokerage.

      October 07