| BROKERAGE COMMISSION |
- R 13.65 per contract traded
(includes VAT) |
| MANAGEMENT FEES |
- no management fees are charged. |
| PERFORMANCE INCENTIVE |
- 20% of HIGHEST CLOSING BALANCE (no VAT) |
"HIGHEST CLOSING BALANCE" are best
explained by the following example:
|
| MONTH |
OPENING BALANCE
|
PROFIT FOR MONTH
|
NEW
HIGH
|
PERFORM.
FEE -
20 % OF
|
CLOSING BALANCE
|
|
| |
|
|
|
|
|
|
| 1 |
500,000 |
20,000 |
520,000 |
4,000 |
516,000 |
|
| 2 |
516,000 |
10,000 |
526,000 |
2,000 |
524,000 |
|
| 3 |
524,000 |
-8,000 |
524,000 |
0 |
516,000 |
|
| 4 |
516,000 |
12,000 |
528,000 |
800 |
527,200 |
|
| |
|
|
|
|
|
|
|
