Originally Posted by
peat
Yeh we have a lot of clients like this. They rarely sell on market, so never pay any brokerage themselves. It makes sense for sure. But recently some Issuers arent paying commission. To talk my book a little, cost of brokerage over a 5 year bond isnt much per annum compared to the funds that charge you 1% or more per annum to look after your long term bonds.