I came across the term GDC in some documents and I'm not sure what it means. I tried searching for it online, but there are too many possible meanings. Can someone please tell me what GDC stands for in this context?
7 answers
KDramaLegendary
Wed Nov 13 2024
A gross dealer concession (GDC) represents a payment made to a brokerage firm.
SumoMighty
Wed Nov 13 2024
This payment is triggered when a financial product is sold.
PearlWhisper
Wed Nov 13 2024
The sale can be facilitated by a salesperson or a financial advisor.
Raffaele
Tue Nov 12 2024
These advisors work on a commission basis.
Ilaria
Tue Nov 12 2024
The financial products in question include securities.