# Advance charging of costs

- Canonical URL: https://www.gerhardmerk.de/advance-charging-of-costs
- Post ID: 590961
- Modified: 2023-07-25T20:47:21+00:00
- Language: en

## Definition

A common provision built into savings-plan contracts in particular, according to which a good portion of the first monthly savings installments (promotion rates) - up to ninety percent - is used to cover the costs of concluding the contract. Some capital management companies also booked such high deductions despite the prohibition in § 125 InvG. - Given the intertwined legal relationships in this area, the supervisory authorities often have their hands tied in enforcing zillmerization of costs. - See cost transparency, early termination compensation, zillmerization. - Cf. BaFin Annual Report 2009, p. 168 f. (important ruling on prepayment of costs). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

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