Cryptocurrency Q&A
What is GDC in banking?
What is GDC in banking?
Martina
Wed Nov 13 2024
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6 answers
1533
I recently encountered the term 'GDC' in a banking context and I'm not sure what it stands for. Could someone please explain the meaning of GDC in the banking industry?
6 answers
ethan_thompson_psychologist
Fri Nov 15 2024
A gross dealer concession (GDC) is a payment made to a brokerage firm in the financial industry.
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CryptoEagle
Fri Nov 15 2024
This payment is triggered when a financial product is sold by a salesperson or financial advisor working on a commission basis.
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BlockchainEmpiress
Fri Nov 15 2024
The products that qualify for a GDC include various securities.
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CryptoProphet
Thu Nov 14 2024
Examples of such securities are stocks, which represent ownership in a company.
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SolitudeSeeker
Thu Nov 14 2024
Bonds, which are financial instruments representing a loan made by an investor to a borrower, also fall under this category.
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