Other Application Usage. The term ‘trading based activities’ comprises of the Customer Categories (i) to (iii). The term “other activities” comprises of the Customer Categories (iv) and (v). The scope of usage covered within the Customer Categories is described in detail below. The Market Data Fees for the Non-Display Data Licences applicable to trading based activities depend on the number of Devices, which use Information for Non-Display purposes according to the definition in Section 1 of the General Terms and Conditions to the Agreement on Non-Display Data Usage. This is subdivided in four price levels:
Entry: 1 5 Devices, Medium: 6–10 Devices, Plus: 11–30 Devices, Unlimited: if > 30 Devices or the number of Devices cannot be controlled or specified or only the unlimited price level is available. Fees for trading based activities are determined by a tiered model: Tier 3 (lowest level): Trading as Principal or Brokerage Tier 2: Trading as Principal and Brokerage, and Tier 1 (highest level): Trading Platform Each higher level includes the Usage of the lower levels. For each Tier the price levels depending on the number of devices used (Entry, Medium, Plus, Unlimited – see above) apply. Billing will be rendered based on the relevant Tier and price level whereas the total number of Devices for each Customer Category included shall be aggregated. Details are described below. Fees for other activities are determined by the following Customer Categories without differentiation regarding the number of devices used: Index Calculation, and Other Application Usage. Alternatively to a billing based on different Customer Categories, Tiers or number of Devices, also a lump sum (Enterprise Licence) is available, which comprises all available Customer Categories for one Information Product with unlimited scope of use regarding Devices used (see Section B.3 Non-Display Enterprise Licence Fees). Version 8_5 Non-Display Data Licence Fees apply once per Customer per licenced Information Product with the highest granularity level and per category (see above) per month if not otherwise specified and shall be remunerated cumulatively if not otherwise specified.
Other Application Usage. Version 11_01 When licensing this category, Contracting Party is entitled for Non-Display Information Usage for other purposes than trading based activities and/or Index Calculation. This includes, but is not limited to the following usages: risk management, profit and loss calculation, portfolio valuation, quantitative analysis, fund administration, fund accounting, portfolio management or instrument pricing. It does not include the execution of Non-Display Information Usage by the Contracting Party as a vicarious agent (Erfüllungsgehilfe) on behalf of a third party.
Other Application Usage. Version 8_5 When licensing this category, Customer is entitled for Non-Display Data Usage for other purposes than trading based activities and/or Index Calculation. This includes, but is not limited to the following usages: risk management, profit and loss calculation, portfolio valuation, quantitative analysis, fund administration, fund accounting, portfolio management or instrument pricing. It does not include the execution of Non- Display Data Usage by the Customer as a calculating agent on behalf of a third party. This means where derived data (e.g. iNAVs) are calculated on behalf of a third party and some or all of the intellectual property rights in the underlying product (e.g. an ETF) will vest in that third party, the third party is subject to a Non- Display Data Usage licence for Other Application Usage.
