GIPS compliant firms now have more options under the 2020 GIPS standards to use estimated transactions costs. All returns must be calculated after the deduction of transaction costs incurred during the period. The firm may use estimated transaction costs only for those portfolios for which actual transaction costs are not known. This module will calculate returns that are net of transactions costs from Trade Quantity or Trade Value using estimated transaction cost per traded share (trade quantity) or transaction cost per dollar of trade value (Trade Value). It also has the option of defining transaction costs based on Asset Class.