Examples of Variable Fee in a sentence
Example: User ID 123 who is able to access the Information via 3 separate Licensee’s Devices simultaneously will be liable for 3 charges of Variable Fee.
This will include electronic display boards, TV walls or standalone monitors located within the Licensee and/or recipient’s receiving point where the number of Licensee’s recipients is unidentifiable for the purpose of Variable Fee reporting.
The Licensee shall submit the completed Bursa Malaysia Information Monthly Usage Reporting Form to Bursa to declare the number of users and Variable Fee for the previous month, on or before the 15th day of the current month.
As such, the amount of Variable Fee chargeable for the month is RM100 X 5 public display boards = RM500.00.
An example of Variable Fee calculation: In January 2016, Licensee A reported to have received data feed from Bursa Malaysia (data source) with 5 Public Display Boards at its various branches.