If there is negative carry forward (NCF) from previous week(s), negative carry forward (NCF) should be deducted before commission is calculated.
Commission = Total Net Profit after NCF Deduction * 40% Commission Rate
Weekly Commission Calculation Timeline
Commissions are calculated on a weekly cycle:
Calculation Period: The cycle runs from Sunday, 10 PM, to the next Sunday, 10 PM.
Deduction and Adjustment: Initial balances are adjusted for deductions, like royalty and license costs, on Mondays and Tuesdays.
Finalized Commission: The updated commission is finalized in accounts after 2 PM each Wednesday and prior figures may be provisional.
Total Net Profit after NCF Deduction = Net Profit - Negative Carry Forward (NCF)
Net Profit = Customer Win / Loss - 18% Deduction - Bonus - Payment Fee (2% Deposit + 1.5% Withdrawal)