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Robot - Moving category Insurance terms to Category:Insurance per CFD at Wikipedia:Categories_for_discussion/Log/2018_February_11.
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'''Gross Dealer Concession''' or '''GDC''' is the revenue to a brokerage firm when commissioned [[securities]] and [[insurance]] salespeople sell a product, whether it is an investment like [[stock]]s, [[Investment bond|bonds]], or [[mutual funds]], or insurance like [[life insurance]] or [[long term care insurance]]. The [[Commission (remuneration)|commission]] that the agent receives is usually a percentage of this figure, although some firms like [[Merrill Lynch]] use figures called '''Production Credits''', usually smaller than GDC, to determine payouts and retain more revenue.
For example, a mutual fund with a 5.75% sales charge is sold to someone who invests $10,000. $575 GDC is created by the sale, and the investor has an initial account balance of $9425. If the sales agent receives 32% of the GDC, he makes $184. If the payout is based on Production Credits or PCs, it would perhaps be about 5.5% of the total sale, or 32% of 550: $176.
[[Category:Stock market]]
[[Category:Insurance]]
{{Finance-stub}}
'''Gross Dealer Concession''' or '''GDC''' is the revenue to a brokerage firm when commissioned [[securities]] and [[insurance]] salespeople sell a product, whether it is an investment like [[stock]]s, [[Investment bond|bonds]], or [[mutual funds]], or insurance like [[life insurance]] or [[long term care insurance]]. The [[Commission (remuneration)|commission]] that the agent receives is usually a percentage of this figure, although some firms like [[Merrill Lynch]] use figures called '''Production Credits''', usually smaller than GDC, to determine payouts and retain more revenue.
For example, a mutual fund with a 5.75% sales charge is sold to someone who invests $10,000. $575 GDC is created by the sale, and the investor has an initial account balance of $9425. If the sales agent receives 32% of the GDC, he makes $184. If the payout is based on Production Credits or PCs, it would perhaps be about 5.5% of the total sale, or 32% of 550: $176.
[[Category:Stock market]]
[[Category:Insurance]]
{{Finance-stub}}
