1. Scope
These terms govern introductions, referrals, and commissions recorded in the Global Direct platform. They apply to referrers, to referred participants and counterparties, and to entries our staff record on a participant’s behalf.
2. Logging an introduction
- An introduction is logged when the participant notifies us. We record it within one business day of notification.
- A logged introduction names the parties and the opportunity it relates to, and carries a reference number.
- A logged introduction is valid for to confirm — recommended: 12 months from the log date, for that opportunity only.
- Introductions must be logged before the opportunity closes. We do not accept retroactive claims on business that was already under discussion.
3. Commission terms
- Commission rates are percentage, fixed, or tiered, and are recorded in the ledger only from an attorney-approved written agreement between the parties.
- Where a transaction settles by documentary credit, revenue is collected when the issuing bank pays under the credit and the funds are received — commission accrues at that point, not on presentation of documents.
- Commission accrues on revenue actually collected for the referenced opportunity, not on amounts invoiced. to confirm this settlement basis with counsel and with G&Z — it changes cash timing materially
- Commission is payable to confirm — recommended: within 30 days after we receive the related payment.
- If the underlying order is refunded, cancelled, credited, or reversed by a chargeback, the related commission entry is adjusted or reversed in the same proportion.
- Currency is U.S. dollars unless the ledger entry states otherwise. Each party is responsible for its own taxes, and for providing the tax forms their jurisdiction requires. to confirm whether G&Z will issue 1099 forms and who collects W-9 or W-8 information
4. The ledger and access control
Commission and referral records are held as owned records with unique identifiers: participants and roles, introductions, related projects or orders, agreed terms, and amounts earned and paid. Entries carry the supporting signed agreement, timestamps, and an audit history. Visibility is restricted to the roles the client designates — by default the client administrator and our staff role — and a referrer sees only its own records. A monthly ledger summary can be exported as CSV or PDF for reconciliation. Commission calculation is performed by staff until the automated engine is released; see the roadmap.
5. Conflicts, government business, and anti-bribery
- Referrers must disclose any relationship that could influence, or appear to influence, a transaction — including employment by, or an ownership interest in, a counterparty or a government body.
- No commission may be paid to a government employee or official, or to any person, where the payment would be an improper inducement. No payment may be contingent on an official act or on the award of government business.
- Commission arrangements must comply with the U.S. Foreign Corrupt Practices Act and the anti-bribery laws of every country involved in the transaction.
- Breach of this section ends the arrangement, forfeits unpaid commission on the affected transactions, and may be reported to the competent authorities.
6. Record keeping and audit
We keep ledger records and their supporting documents for the retention period stated in the Privacy Policy, and make a referrer’s own records available to that referrer. Discrepancies should be raised within to confirm — recommended: 60 days of the ledger entry.
7. Term, changes, and disputes
These terms apply while a referral is active. We may update them; material changes are notified to participants. Disputes follow the governing law and forum in the Terms of Use, and the parties will attempt good-faith discussion first.