How a licence is structured

We publish the model rather than the price. What a licence costs depends on deployment, volume and the support tier, and a number without those attached would be a number you could not rely on.

The components

Component	What it covers	How it varies
Annual licence	The right to operate the software under your own brand, and every upgrade released during the term.	By platform and by the scale of the deployment.
Volume or seats	Usage above the included tier — transactions, issuances, or named operator seats depending on the product.	Stated per product on its catalogue page.
Deployment	Standing up the platform in your environment or ours, with configuration and branding.	One-off, scoped after the technical evaluation.
Integration	Work into the systems you already run. Frequently the largest line, and the one most often underestimated.	Time and materials, or fixed once the systems map is done.
Support tier	Response times, on-call coverage and the escalation path, contractual rather than aspirational.	Three tiers; see deployment & support.
Managed services	We operate it, on a written responsibility split.	Optional, annual.

What is not in a standard licence

Source code. A source licence is available and is negotiated separately, because it changes the support model on both sides.
Exclusivity in a market or a sector. Where it is agreed, it is priced and time-boxed rather than perpetual.
Any regulatory permission, market access or banking relationship. Those are the licensee’s, always.
Third-party subscriptions the platform integrates with — screening data, model capacity, market data. Contracted by you unless agreed otherwise in writing.

How pricing is reached

After the technical evaluation, not before it. The evaluation establishes what you actually need, which is the only basis on which a number is useful. If the evaluation shows the platform does not fit, we say so and there is no proposal — that outcome is cheaper for both of us than a licence that fails at implementation.

Vendor onboarding, contracting positions and procurement routes are answered in advance on how to buy us.