What are Manager fees?
High water mark commission fee system refers to a commission system where management fees are only payable if the Performance of the PAMM Account at the time of calculation exceeds the previous Performance at the time when the Management Fee was previously paid to the Manager. The first Management Fee will be payable when the previous highest Performance level is reached
"Profit different" calculates as (Current Profit – Maximum Previous
Profit). If (Profit Different > 0 and current profit> 0) the system pays the
commission to the Manager.
Commission = Profit different * user Share * manager fee percent / 100
Manager Fee Percent = 10%
Profit = 200
Previous profit = 150
Profit different = 50
User share = 25% = 0.25
Commission = 50 * 0.25 *10/100 = 1.25