2.6.1 Maintain Brokerage Discounts
This topic provides systematic instructions to maintain brokerage discounts.
A stockbroker who carries out buy and sell orders at a reduced commission compared to a full-service broker, but provides no investment advice is called as a Discount Broker.
It used to be that only the wealthy could afford a broker and access to the stock market. The internet has brought an explosion of discount brokers which let you trade at a smaller brokerage. However, it is important to remember that discount brokers don't provide personalized advice. Because of discount brokers, nearly anybody can afford to invest in the market.
- On the Homepage, type 'BRDTFDIM’ in the text box, and click the next arrow.
We can maintain discount for a Broker through the ‘Trade Finance - Brokerage Discount Maintenance’ screen.
Amount Slabs can be maintained in this screen where a discount will be done on the brokerage amount that is due for the broker.
The ‘Trade Finance - Brokerage Discount Maintenance’ screen is displayed.
Parent topic: Brokerage Discount Maintenance