SEDOL Masterfile Commercial Policy Change - Fee Calculator

SEDOL Masterfile Commercial Policy Change - Fee Calculator

SEDOL Fee Calculator

SEDOL Masterfile Commercial Policy Change - Fee Calculator

This SEDOL Masterfile Fee Calculator should be used in conjunction with the ‘SEDOL Masterfile Pricing and Policy Guidelines 2021’ available here, and is provided for illustration purposes only.

Entity Model

1. Current Licences

Please enter all existing SEDOL licences you subscribe to. The commercial policy change announced January 21, 2020 impacts Unlimited User Licence customers (Bands D, E, and F). At least 1 of these licences must be entered:

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    1,000 or fewer SEDOL codes (and unlimited TIDM codes) within one legal entity.

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    1,001 to 5,000 SEDOL codes within one legal entity.

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    5,001 to 10,000 SEDOL codes within one legal entity.

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    10,001 or more SEDOL codes within one legal entity.

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    10,001 or more SEDOL codes by up to five legal entities.

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    10,001 or more SEDOL codes by six or more legal entities.

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    1,000 or fewer SEDOL codes distributed by one legal entity.

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    1,001 to 5,000 SEDOL codes distributed by one legal entity.

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    5,001 or more SEDOL codes distributed by one or more legal entity.

Business Segment and Region Model

2. Business Segments

Please select the Business Segment or Segments where a Licensable Event occurs:

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    Description

    Invests pooled funds of cash and/or securities for the benefit of third-party customers or proprietary accounts

    Example Activities

    • Hedge Funds
    • Fundamental fund management
    • Quantitative fund management
    • Passive fund management
    • Investing insurance premiums
    • Proprietary trading on own balance sheet
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    Description

    The activity of holding customer assets to minimize risk of theft or loss and providing services in connection with the servicing, custody, and fund administration of financial instruments or in the process of running a collective investment scheme.

    Example Activities

    • Processing corporate events
    • Handling taxes
    • Calculation of NAV
    • Preparing and filing prospectus, annual reports, etc.
    • Securities lending
    • Clearing & Settlement
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    Description

    Producing and inspecting customer’s accounts to ensure completion & accuracy and attesting to compliance with applicable regulation.

    Example Activities

    • Producing accounts
    • Inspecting/reviewing accounts
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    Description

    Advising customers on how to improve performance of companies, non profits, or government bodies through effectively and efficiently performing tasks.

    Example Activities

    • Advising on:
    • Change management
    • Operational process
    • Technology implementation
    • Strategy development
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    Description

    Advice and activities related to the raising, creation, formation, or restructuring of capital as well as advising on mergers, acquisitions, disposals, or bankruptcy.

    Example Activities

    • Underwriting new debt & equity securities
    • Aiding/advising asset disposal
    • Aiding/advising mergers and acquisitions
    • Aiding/advising issue or placement of stock (e.g. IPO; private placement; etc.)
    • Aiding/advising on restructuring of a company
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    Description

    Creation of data feed products made available to third party customers.

    Example Activities

    • Creating of datasets covering reference data, pricing data, corporate actions, evaluated pricing, realtime/historical tick
    • Creation of flat files distributed through FTP, API, etc.
    • Making data available to view via Terminal
    • Creation of Index data files
    • Making data available via excel plug-in / export
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    Description

    Governmental or regulatory organisations.

    Example Activities

    • SEC; FCA; Central Banks, Trade Associations
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    Description

    Offering investment linked insurance products providing coverage to protect customers from loss, damages, injury, or hardship.

    Example Activities

    • Variable annuity products
    • Index-linked policies
    • Whole or term life insurance
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    Description

    Providing institutional customers with long term investment planning, investment monitoring & recommendations to achieve long term goals.

    Example Activities

    • Advising pension funds, endowments or other non-retail customers on asset allocation, fund selection, investment selection, acceptable risk levels, etc.
    • Offering Outsourced CIO (OCIO) services
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    Description

    Capital markets activities, including providing liquidity, buying or selling securities, and matching customers with opposite positions to enable trade execution.

    Example Activities

    • Broking (online, traditional/phone)
    • Exchange or OTC Trading
    • Market Making (e.g. displaying quotes or offering liquidity in financial instruments)
    • Operating a trading platform/facility (e.g. MTF; BCN; SEF; dark pools; etc.)
    • Prime Brokerage
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    Description

    Research (macro, individual stock, industry, etc.) sold to customers to provide investment insight

    Example Activities

    • Stock reports, valuations, recommendations
    • Macro environment analysis and reports
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    Description

    Creation and development of software or analytics tools made available to third party customers.

    Example Activities

    • Order/execution management systems
    • Portfolio management & analytics platforms or tools
    • Outsourcing software (e.g. outsourced settlement, clearing, etc.)
    • Best execution analysis or tools
    • Post trade activities e.g. reconciliation
    • Excel plug-in enabled analytics
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    Description

    Advising customers on tax compliance, strategies, regulations, systems and obligations to ensure they meet requirements.

    Example Activities

    • Advising on and preparation of returns for Income Tax, International Tax, Indirect Tax, Multistate Tax, sales & use tax, transfer pricing, M&A Tax, etc.
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    Description

    Financial advisory and / or comprehensive wealth planning services for retail customers including financial and investment advice, potentially including a combination of accounting and tax services, retirement planning, legal or estate planning, and trust services, executed by licenced professionals or algorithmic processes.

    Example Activities

    • Consulting with (usually retail/HNW) customers to provide guidance across all areas of wealth planning
    • Acting as a fiduciary, agent or trustee offering establishment, administration and/or management of trusts to manage the eventual transfer of assets to a beneficial party
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    Description

    Any other activities not covered in the above list of Business Segments.

    Example Activities

    • Expert Testimony
    • Litigation


3. Regions

Please select the Region or Regions where a Licensable Event occurs:

Results

  2020 Fee 2021 Fee 2022 Fee
Current Model (entities) £0 £0 £0
New Model (segment regions) N/A £0 £0
Total Fees £0 £0 £0