| Expand | ||||
|---|---|---|---|---|
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Below is a detailed breakdown of the average expected fees over five years for each tier of Bank and Insurer:
Institution Type | 5-year Average (AED) |
|---|---|
Tier 1 Bank | 1,064,000 |
Tier 1 Insurer | 60,000 |
Tier 2 Bank | 252,000 |
Tier 2 Insurer | 30,000 |
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API Hub fees will be set at 2.5 fils per API call for all payment initiation use cases. Balance check calls and Confirmation of Payee calls will be set at 0.5 fils separately in addition to 2.5 fils applied for payment initiation calls.
LFIs to TPPs charges
LFIs to TPPs charges are summarized below:
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API Hub fees will be set at 2.5 fils per API call.
LFIs to TPPs fees
The customer details and confirmation of payee use case will not incur charges from LFIs to TPPs.
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TPPs are only permitted to charge broker commissions and must be licensed brokers to provide quotes.
Charges will be market determinedThe request of insurance data and quotes will not be chargeable by TPPs for both Life and Non-Life insurance types.
3.2.4 Corporate Treasury Data Functionalities
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