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Every new participant joining ELLIPS pays an entry fee determined by the board and based on historical investment costs.

Domestic payments

Investment costs

The annual investment costs, which are not explicitly necessary within the framework of the link of ELLIPS with TARGET, are equally shared among the participants. 

Running costs

The participants pay an annual contribution allowing ELLIPS to cover the fixed costs.

For every participant the contribution is calculated on the basis of the following rules:

Ø       20% of the costs are distributed equally among the participants;

Ø       80% is distributed according to the number of votes the participant has in the general assembly.

The covering of the variable costs: the costs for the messages are distributed in function of the number of payments. The tariff depends on three parameters:

Ø       sending time;

Ø       priority code of a message;

Ø       value of the payment.

Cross-border payments

The costs related to TARGET are recovered on the basis of one single tariff per payment, billed to the initiator and based on the number of transactions made by this participant within a single RTGS system.