Commission sharing agreement
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(Redirected from Client commission agreement)
A Commission Sharing Agreement ("CSA") or in the US named Client Commission Agreement ("CCA") is a type of soft dollar arrangement that allows money managers to separately pay the executing broker for trade execution and ask that broker to allocate a portion of the commission directly to an independent research provider.[1] CSAs consist of a percentage of execution fees, that are directed to pay for research reports from sell-side banks. The form of a CSA can be as short as one page.[2] One of the disadvantages of CSAs is the counterparty risk, that a broker has.[further explanation needed][3]
