OCR Data Service Fee Schedule
The OCR Data Service requires an annual subscription fee and a fee for onboarding if assistance is required. Refer to the table below for the complete OCR Data Service fee schedule. Contact FIA Tech to determine which fee tier is applicable to your firm.
|Fee Tier||Onboarding Fee (Payable at Onboarding)||Annual Subscription Fee|
|FCM - Large||$40,000||$40,000|
|FCM - Basic||$40,000||$25,000|
|Non-FCM Clearing Member||$25,000||$25,000|
|Swap Dealer Only||$20,000||$20,000|
FIA Tech’s OCR Service allows for Reporting Firms to acquire data from 3rd party providers Clarient and Markit Counterparty Manager (MCPM). Below are the additional fees per reporting firm for the use of these 3rd Party Data Providers via FIA Tech’s OCR Service.
|OCR Subscription Tier||Annual Markit MCPM Fee||Annual Clarient Data Fees|
|FCM - Large||$5,000 per year|
|FCM - Basic||$3,500 per year||None|
|Swap Dealter Only||$2,500 per year|
Service period is annually based per calendar year from January, 01st – December, 31st .Payment Terms
- All fees and future renewals will be invoiced in annual terms in full prior to renewal
- Payments are due 30 days from receipt of invoice
- Firms 90 days past due are subject to suspension of their service and account access until their account is current
FIA Tech appreciates your feedback and support, and looks forward to working with you to tackle current and future industry challenges together.
For more information, please contact FIA Tech at: