Pricing Currency Effective Cost

The Pricing Currency Effective Cost represents the cost of the charge after applying all reduced rates, discounts, and the applicable portion of relevant, prepaid purchases (one-time or recurring) that covered this charge, as denominated in Pricing Currency. This allows the practitioner to perform a conversion from either 1) a national currency to a virtual currency (e.g., tokens to USD), or 2) one national currency to another (e.g., EUR to USD).

PricingCurrencyEffectiveCost adheres to the following requirements:

• PricingCurrencyEffectiveCost presence in a Cost and Usage FOCUS dataset is defined as follows:
  • PricingCurrencyEffectiveCost MUST be present in a Cost and Usage FOCUS dataset when the service provider supports prices in virtual currency and publishes unit prices exclusive of discounts.
  • PricingCurrencyEffectiveCost is RECOMMENDED to be present in a Cost and Usage FOCUS dataset when the service provider supports pricing and billing in different currencies and publishes unit prices exclusive of discounts.
  • PricingCurrencyEffectiveCost MAY be present in a Cost and Usage FOCUS dataset in all other cases.
• PricingCurrencyEffectiveCost MUST be of type Decimal.
• PricingCurrencyEffectiveCost MUST conform to NumericFormat requirements.
• PricingCurrencyEffectiveCost MUST NOT be null.
• PricingCurrencyEffectiveCost MUST be a valid decimal value.
• PricingCurrencyEffectiveCost MUST be 0 in the event of prepaid purchases or purchases that are applicable to previous usage.
• PricingCurrencyEffectiveCost MUST be denominated in the PricingCurrency.