General Provisions CFD Licence Fees Sample Clauses

General Provisions CFD Licence Fees. CFD Licence Fees apply for CFD Information Usage and consist of a Basic Licence Fee, a White Labelling fee and of a Numbers of Users fee. The Basic Licence Fee shall apply if the respective Information Product is used within a CFD Information Usage and includes the right to provide the calculated prices to less than 1000 Users. A fee is payable on a cumulative basis in addition to the Basic Licence Fee if the calculated prices within a CFD Information Usage are provided to Users via White Labelling Partners. For this purpose, the following categories may be licensed: ▪ Tier 4 - Licence includes the right of provision to up to 5 White Labelling Partners. ▪ Tier 3 - Licence includes the right of provision to up to 10 White Labelling Partners. ▪ Tier 2 - Licence includes the right of provision to up to 15 White Labelling Partners. ▪ Tier 1 - Licence includes the right of provision to more than 15 White Labelling Partners. A fee for the number of Users is payable on a cumulative basis in addition to the Basic Licence Fees if the calculated prices within a CFD Information Usage are provided to more than 1,000 Users. The following sliding scale applies: ▪ Tier 4 - Licence includes the right of provision to up to 2,000 Users. ▪ Tier 3 - Licence includes the right of provision to up to 5,000 Users. ▪ Tier 2 - Licence includes the right of provision to up to 10,000 Users. ▪ Tier 1 - Licence includes the right of provision to more than 10,000 Users. The number of White Labelling Partners and the number of Users are Units of Count within the meaning of Section A para.1. If Onward Dissemination to API Customers takes place in accordance with the table in Section E.3, in which above listed Units of Count can not be determined, the fees in Section E.3 based on the Unit of Count API Customers apply. For the purposes of this Section E, a User is defined as a person or entity who during the respective month at least at one time held a position in an instrument where the price is calculated based on Deutsche Börse AG Information. If a User has multiple accounts with the Contracting Party, the Contracting Party is allowed to net these accounts with regard to the CFD Licence Fees, if it can be demonstrated that the accounts belong to the same User. Such netting is not permitted if the above-mentioned requirements are not fulfilled. The number of Users has to be indicated when placing the order in MD+S interactive. The number of Users per month has to be demonstrated also for ...
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