On-the-fly MiFID II Ex-Ante
Costs & Charges Generation
MODELITY UNICOST ENABLES ON-DEMAND
EX-ANTE COSTS & CHARGES REPORTING
MiFID II requires disclosure of costs to the client, before making a decision, whether it is to buy a financial product or sign for a service (e.g. advisory service, account opening).
The disclosure should also illustrate the cumulative effect of costs on an investment.
Combining both, service and product related costs, poses a variety of challenges, such as:
Simulation of the various service related costs based on the client attributes and the transaction parameters
Availability and integrity of the product related costs
Different technologies used by the systems in the various channels
Contact Modelity to benefit from our award-winning technology and unrivalled expertise and service.
Data Collection – Retrieval of cost and related market data from a variety of sources
Instrument Coverage – Supporting any asset class, wrapper and instrument (e.g. funds, securities, structured products and derivatives)
Cost Simulation – model the product and service related costs and apply them on different scenarios