Business PBT

Business PBT. Shall mean the PBT of the Core Business for the applicable calendar year less $53,050,000. For purposes of the Bonus Pool calculation, the PBT for the U.S. Corporate Credit voice business ("Credit") shall be adjusted by the Board as it determines in its discretion to account for the estimated loss of Credit PBT that moves to the FENICs Portfolio Match business of BGC Group in the Americas ("Portfolio Match"). For avoidance of doubt, the same PBT shall not be double counted as attributed to both... the Portfolio Match and Credit businesses. View More