IBP - Trailer-Fee - our sulution
With the stand-alone solution IBP Trailer Fee, developed by BBS GmbH, we cover the legal MiFID requirements in the area of Trailer Fee. IBP Traile Fee was developed in tight collaboration with Deutsche Bank Luxembourg and Deutsche Bank Switzerland and is in productive use in both banks.
Necessary requirements for a complete Trailer Fee solution
The arising commissions which are depending on the effective customer base account must be able to get generated with different calculation formulas depending on the emitter and the ISIN number. Accruals has to be done for the accounting for the received and payed commissions. During the customer consulting the information concerning the arising Kick-Back-Commissions are needed for the clients. Display of the expected or received commission in a customer form as e.g. Declaration of profits.
Scope of services IBP - Trailer-Fee
Base data based on the ISIN number for the evaluated fonds
Commission arrangement depending on ISIN
Base data for the emitter / fond company
Different calculation formulas available ( at the moment 9 formulas available)
Issuing an invoice for the emmitter about the generated commissions
Administration of the incomming payments from the emmitter including reconcillation for the own calculation
Accrual generated but not yet payed Trailer Fees
Consideration of commissions parts which were transfered to asset managers
Statistics and analysis for different criteria available
XML-interfaces for the daily transfer of the customer data depneding on the ISIN number available
XML-booking interfaces for the calculated and payed comission available
XML-interfaces for the MiFiD display and the form display to the customer