Quote from: cryptomatch on September 21, 2018, 07:29:24 PM

Can OTC specialists be kind enough to provide clarity on defining the

Buyer and seller side discount definitions?

i.e. the discounts are usually listed as 5/3 or gross -4% discount -2%, buyer net discount 3%. I am just try to figure out what

gross and net represent as well where the mandate, middleman commissions fit in?

Appreciate explanation

Gross: all commission and mark ups or mark downs in cost
discount: the discount of the cost of the btc
net commission: commission for buyer/seller/middleman - normally separate for seller and buyer side. Sometimes and intermediary commission is specified

closed: not up for negotiation, example sell side commision 1% closed. This means the sell side gets 1% of the final sale amount and it is not subject to change or able to be negotiated down.

5/3 SHOULD be discount/commission. 5% will be taken off of the price per bitcoin with 3% going for commission to everyone who put the deal together