Question 1

When do I see the commission band?

Accepted Answer

The band is surfaced before the commercial close and tied to the approved deal shape. The final record carries the disclosed basis so neither side has to reconstruct it from a private conversation after the LOI.

Question 2

Who pays the commission?

Accepted Answer

The payer is a recorded commercial convention: seller-side, buyer-side, or an explicitly defined shared allocation. Industry habit is not a substitute for the payer named in the approved deal record.

Question 3

Is the settlement fee part of the commission band?

Accepted Answer

No. The settlement fee is a separate approved-close line. Drumchord confirms the applicable quote and payer convention against the close context instead of inventing a fixed amount or deriving it from the commission rate.

Question 4

How does deal size move a deal between bands?

Accepted Answer

Spot cargo applies below $2 million, multi-lot tender applies from $2 million to below $5 million, and contract or lift applies from $5 million upward. Adjacent thresholds meet exactly; the deal shape and approved basis still matter.