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All interdealer transaction commissions are negotiable. RW Smith has a $100 ticket minimum unless otherwise negotiated under special circumstance.

Bid Wanted Commission


    1 - 18 Months Maturity
 
19 + Months Maturity
 
From To Standard Max Standard Max
1 9 1 pt 1.5 pt 2 pt 2.5 pt
10 14 0.750 1 pt 1 pt 1.5 pt
15 24 0.5 0.75 1 pt 1.5 pt
25 49 0.5 0.75 0.5 1 pt
50 79 0.2 0.375 0.25 0.5
80 99 0.125 0.25 0.25 0.5
100 499 0.05 0.1 0.125 0.25
500 999 0.03 0.1 0.1 0.2
1000 4999 0.02 0.1 0.075 0.125
5000 UP 0.01 0.1 0.06 0.125

 

Offering Commission


From To Standard Max
1 9 2 pt 2 pt
10 24 1 pt 1.5 pt
25 49 0.5 1 pt
50 99 0.25 1 pt
100 499 0.125 1 pt
500 999 0.075 0.25
1000 UP 0.06 0.125

 

Commissions on short paper (36 months or less) may differ from the state guidelines and are dependent on both the par value and the maturity date of the security. RW Smith will not generally charge commission on any bid wanted or offering with a dollar price below $5.00.

 

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