European Brokerage · glossary
The yearly list, sent each January, of every cost the client paid the year before. It also shows how those costs reduced the client’s return. A client who placed 24 orders and held one ETF all year sees €48 for the orders, €20 for the fund and €68 in all. Clause 12.3 · Chapter 6
Explained in Chapter 6, Fees, Inducements and the Ban on Payment for Order Flow, of European Brokerage.
Each January, the client receives a costs and charges statement, a yearly list in euros of every cost paid. It also shows how those costs reduced the client’s return. A client who placed 24 orders and held that ETF all year sees €48 for the orders, €20 for the fund and €68 for the year.Read Chapter 6, Fees, Inducements and the Ban on Payment for Order Flow →
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