# Cost transparency

- Canonical URL: https://www.gerhardmerk.de/cost-transparency
- Post ID: 590944
- Modified: 2023-07-25T21:00:48+00:00
- Language: en

## Definition

In relation to the financial market, the requirement that banks and insurance companies disclose their costs to customers, in particular their administrative costs (administration costs: expenses incurred in directing and controlling an institution; the salaries of senior executives and expenditures for general services as data processing center fall under this heading). This enables customers to better compare different offers. - See processing fee, cost pre-charge, Zillmerung. - Cf. 2013 BaFin Annual Report, p. 159 (supervisory authority calls for more transparent cost disclosures by insurance companies). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1