According to the Insurance Distribution Directive an insurance company has to receive data for costs and charges for each account that exists with a distributor. The definition of cost and charges are the total costs charged to an investment position by the producer of the product and also the total fees charged by the distributor.
The MiFID II - Customer Protection manages the data calculations for each account and this application produces the IDD report that can be sent to the insurance company.
Supported formats
The following report formats are supported:
<?xml version="1.0" encoding="utf-8"?>
<statements xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xsd="http://www.w3.org/2001/XMLSchema">
<statement>
<AccountNumber>1111</AccountNumber>
<Curreny>SEK</Curreny>
<Period>
<Startdate>2019-01-01</Startdate>
<Enddate>2019-12-31</Enddate>
</Period>
<ChargesSummary>
<InvestmentServices>-100.00</InvestmentServices>
<ThirdPartyPayments>50.36</ThirdPartyPayments>
<InvestmentProductCost>-200.00</InvestmentProductCost>
</ChargesSummary>
</statement>
</statements>