💰 Commissions & Confirmation of Principal
US Capital Private Bank Knowledge Base
Overview
At US Capital Private Bank, transparency and integrity in financial dealings are paramount. Brokers, agents, and intermediaries who assist in your transactions are compensated fairly and securely through our established procedures.
📝 Confirmation of Principal Document
The Confirmation of Principal document is a key legal instrument included in your New Client Engagement / Welcome Package. It:
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Formally confirms the commission rate agreed upon between the Principal (you or your entity) and the Agent/Broker/Intermediary.
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Serves as the official authorization for payment of commissions.
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Ensures that all commission-related communications and transactions occur exclusively between the principal parties, without involvement of unauthorized third parties.
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Guarantees that commissions are paid directly to the agent or intermediary by US Capital Private Bank upon successful closing of the transaction.
This process protects all parties involved, ensuring payments are legitimate, verified, and legally binding.
💼 Commission Payment Process
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Commissions are disbursed only after transaction closure to ensure successful deal completion.
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Payment is made directly by US Capital Private Bank to the agent or intermediary as outlined in the Confirmation of Principal.
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This procedure safeguards against unauthorized or fraudulent claims.
⚙️ Administrative Fees & Additional Costs
| Instrument Type | Typical Administrative Fee |
|---|---|
| Medium Term Notes (MTNs) | Varies by transaction, please inquire |
| Bank Guarantees (BGs) | Subject to compliance and size |
| Standby Letters of Credit (SBLCs) | Case-by-case basis |
| Others | Please refer to your client package |
Note:
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These administrative fees do not include SWIFT transmission costs or the direct purchase price of instruments intended for redemption at maturity.
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If you plan to redeem purchased instruments for full face value, expect variable fees charged by the issuing Prime Bank, exclusive of SWIFT charges.
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Prior to any SWIFT transmission, a copy of the bank offer letter or conditional term sheet and the bank officer’s business card will be required. This facilitates bank-to-bank confirmation of the credit line and helps prevent unfunded SWIFT messages.
Why This Matters
By formalizing commissions via the Confirmation of Principal, US Capital Private Bank ensures that all intermediaries are compensated fairly, efficiently, and securely — while maintaining compliance with trust and banking regulations. This clarity fosters trust and smooth transaction workflows for all parties.
Need More Information?
Contact our Client Relations team:
📧 [email protected]
📞 +971 52 992 6005
US Capital Private Bank – Ensuring clear and secure commission payments for your trusted intermediaries.