IBRD cut front-end fees by 25 basis points (0.25 percentage points of the loan amount) by increasing the existing fee waiver to 75 from 50 basis points.

As to mix amusedly useful, actually more is the distinction that front and back end collect fees.

Distribution fees are recognised when the corresponding management fees, performance fees and front-end fees are earned by the Group and the Group is obliged to pay the rebates.