BHF BNY

BHF BNY Securities – we would like to help you to gain back commissions

Institutional investors, investment funds and their sponsors are always on the look out for ways to actively manage their operative costs. With stricter transparency requirements and higher performance expectations, clients are devoting ever greater attention to the transaction costs resulting from trading activities. Any savings that can be made in this area help to preserve the assets and enhance the overall performance.

Commission recapture is a form of institutional discount brokerage that rebates broker fees and thus reduces transaction costs for the investor or fund.

Lynch, Jones & Ryan, Inc. ("LJR”) is one of the world’s leading providers of commission recapture programmes with more than 30 years of experience in US and international business. LJR has formed part of BNY CovergEx Group, The Bank of New York Mellon’s brokerage and clearing unit, since 2006.

More than 2,000 institutional clients worldwide with more than USD 3 trillion in assets use LJR’s services to reduce broker fees and preserve their assets. LJR successfully cooperates with more than 30 brokers around the world. As a neutral and impartial broker, it goes without saying that LJR is committed to upholding the principle of "best execution”.

YOUR BENEFITS

• No fees, no time limits´
• No minimum volume requirements
• You determine the percentage of your trading volume to be included in the
  commission recapture programme
• Commitment to meeting "best execution” requirements

The following chart illustrates how broker fees in global securities trading are recaptured:

A dedicated coordination team ensures that fees are promptly recaptured, posted and credited and also provides a detailed client summary.

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