Trading Account Management:
Commission and/or Incentive
Fee will be charged to Account Representative and
paid by Account Representative to Account Manager
via Broker as set forth below.
a) 20 % of the Net Equity gain
* calculated on a monthly basis.
All Net Equity losses will
be carried forward indefinitely until offset by Net
Equity gains for the consecutive month/s.
* Net Equity gain/loss will
always be NET of trading taking into account all realized
and unrealized gains and losses.
Account Representative agrees
that the Net Equity gain/loss shall be calculated
by Broker.
The monthly Net Equity gain/loss
shall be calculated as follows:
The Equity in Account Representative
account, at 5 p.m. EST (USA) on the last business
day of the month, will be adjusted by taking into
account the deposits and withdrawals during the month
and the Equity at the beginning of the month (being
equal to the Equity in my account, at 5 p.m. EST (USA)
on the last business day of the previous month) will
be subtracted from it.
The result will be the monthly
Net Equity gain/loss, which has to be decreased by
sum of all previous Net Equity Losses, if any.
The above calculation guidelines
are to be observed by Broker while calculating the
monthly Net Equity gain/loss.
