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Non-Tech : BASIS100 BAS-TSE
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To: Jamie who wrote (67)3/28/2001 2:59:13 PM
From: Tom  Read Replies (1) of 104
 
It's been just over a year since anyone posted on this thread re BAS. Thought you might be interested in this response from BAS Investor Relations to my general question about the market for BAS products. It's nice to dream and there is truly some substance to what's happening here to base those dreams on. They have been very responsive. The response:

With our BasisXpress product we will typically be able to charge upfront professional services fees for implementation/customization that will amount to $50-$100k for small lenders and $1-2 million for large lenders. Then we will typically charge 4-6 basis points on the value of funded transactions that run over the system ($40-$80 per $100,000 principal value). The other revenue model could be that the larger lenders may choose to just license the technology outright (ie. one time license fee - $ amount to be determined ($2-10 million??) and implement it in their own data centres (not have us provide it to them on an ASP basis). There were approximately $80B in mortgages funded in Canada last year. If we got 100% of the mortgages running over our technology at 4-8 bp, this would represent a $32-64 million revenue opportunity. If you add in all the ancillary services we provide around the core BasisXpress, you could double this opportunity. If you look at the US market, the opportunity is 10-15x the Canadian opportunity, as is the European opportunity. Our annual report which is coming out in 2-3 weeks will help define the market opportunity as well. Hope this helps.
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