The Finance Departments of Market Infrastructure firms need to provide transparency of internal costs at a segmental level to their regulators, in order to prove they are pricing their services ‘fairly’. They also need to provide evidence to their auditors that the computation of Transfer Pricing charges and VAT recoveries are fully compliant with global accounting standards.

In order to meet these requirements, Finance need to implement a consumption-led IT Costing Model. IT Costing Models are by very nature complex and multi-tiered. The global Legal Entity (LE) structure and complex technology ecosystem of Market Infrastructure firms further adds to the complexity.