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Transaction Cost Calculation
Accurate and Compliant Calculation of Transaction Costs for PRIIP and MiFID II
modular service structure
regulatory compliance (PRIIP & MiFID II)
arrival price
aggregated reporting
web-based access and audit reports
With increasing regulatory requirements, precise transaction cost calculation (TCC) has become essential for financial service providers.
Our TCC service covers the entire process from determining arrival prices using high-quality market data, through calculating costs per trade, to delivering aggregated fund-level figures. This ensures transparency, compliance and efficiency for you.
Legal Basis
The TCC service complies with the European PRIIP Regulation and the MiFID II Directive, which define the calculation methods for transaction costs.
For PRIIPs, the arrival price method is applied, while MiFID uses either the estimation method or the extended MiFID Full calculation. These regulations require accurate data sourcing, transparent methodology, and clear reporting.
Requirements
PRIIP and MiFID regulations require investment firms to disclose transaction costs in a standardized, transparent way.
This involves calculating costs for each trade, aggregating them for reporting periods, and ensuring all data sources are reliable and auditable. Meeting these requirements demands significant resources, specialised know-how and access to quality market data all.
Managed Service
The TCC managed service begins with the determination of validated arrival prices from multiple market data sources using a fully automated, rule-based process.
Based on this, we calculate transaction costs per trade for PRIIP, MiFID or MiFID Full. We also aggregate monthly fund-level costs and provide 36-month averages for PRIIP reporting. The TCC web interface offers direct access to all calculations, audit reports, and configurations, enabling full transparency and control.
Modular Approach
Our modular TCC service is designed with maximum flexibility in mind.
Clients can choose the complete end-to-end solution from market data collection and enrichment to calculation and final output, or select only the specific modules that fit their existing infrastructure. Whether you require just the determination of arrival prices or only the aggregation of fund-level costs, our modular setup ensures seamless integration into your workflows.
Extendable
Transaction Cost Calculations are not only required for MiFID II cost disclosures, but also form an integral part of PRIIP KIDs where Anevis Solutions already offers a dedicated service (s. Regulatory Suite).
By combining TCC with our Market Conformity Check (MCC), clients can leverage overlapping data sets and process routines, achieving significant cost and efficiency gains. For institutional investors, detailed transaction cost analyses provide valuable insights and can be seamlessly integrated into our Institutional Reporting service, ensuring both regulatory compliance and added value in client communication (s. Marketing Suite)
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