Transaction costs: our solutions for PRIIPs and MiFID reporting

PRIIPs/MiFID II transaction costs

Deloitte can provide assistance in the various steps of transaction costs compilation with a flexible approach that fits with your data, process and regulatory requirements.

Currently, the transaction costs methodologies for MiFID II and PRIIPs are similar. But transaction costs can also be used in UK reports such as DCPT and CTI.

Deloitte actively performs a monitoring of regulatory updates on the calculation methodologies.

Features: Compilation Services

Explicit transaction costs compilation at different levels

• On each transactions
• In trial balances or accounting extracts

Implicit transaction costs compilation through the new PRIIP methodology

• Based on client transaction data
• Based on client data mapping: instrument type, currency, order price, date, rating
• Client data enrichment tool: If some information are not available, Deloitte can help to source it directly such as for example market caps, countries, EMTs of underlying funds.
• Flexible selection of client half bid-ask matrix

Implicit transaction costs compilation through the Arrival Price methodology

• Either with client transaction data including Arrival Price
• Or with Arrival Price sourced by Deloitte through a market data provider. Our clients can benefit from Deloitte’s access for economies of scale in the cost of mid-market and spread data.

Anti-dilution proceed

• Use of accounting extracts
• If no data available, estimation of the anti-dilution proceeds can be performed based on parameters of the anti-dilution technique
  

Transaction costs used in regulatory reporting