A remisier also known as a Commissioned Dealer's Representative) is an agent of a stockbroking company and receives a commission for each transaction handled as compared with a paid dealer’s representative, who is a direct employee of a stockbroking company and whose remuneration structure is based on a fixed monthly salary.
The remisier is responsible for any losses which may be incurred by the stockbroking company arising from any securities transaction dealt through him or her. Each remisier has to post a deposit with the stockbroking company to cover clients’ losses in the event of default; this security deposit is segregated from other assets that are kept by the stockbroking company on behalf of the clients.
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