The MiFID II - Customer Protection application called M2 is designed to work with Bricknode Broker.
This application solves the following problems:
Financial intermediaries (securities firms/distributors) have to supply end customers with information about how much costs have been incurred for each of their fund holdings and structured product holdings. Both with regards to how much has been applied by the intermediary in relation to the specific holding and also from within the producer of the financial instrument.
They also have to show how much general costs that have been incurred like account fees, admin fees etc. They also need to show the returns that have been received before fees and after fees. We call this problem costs and charges (Ex Post).
In addition to how much costs have actually been incurred the intermediary has to show the customer for each instrument how much costs that will potentially be incurred for the coming period. We call this problem costs and charges (Ex Ante).
Financial intermediaries have to classify their customers according to their knowledge and fit in relation to the products that are offered so the customer is not allowed to invest in something that they are not fit to invest in. We call this problem target market.
The app supports the following
Import of an EMT V4 file
Viewing EMT information in M2
Adding Knowledgroups to be used when adding or editing instruments in Bricknode Brocker.
Import files with kickback levels called Broker Ex Post
Bricknode Broker supports the following
Adding one or many knowledge groups to a customer
Adding one knowledge group to an instrument
View EMT data for an instrument
Show Ex Ante information to the customer through the customer portal