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The OIX Platform

  • 1. What exactly is the OIX Platform?
  • The OIX Platform provides the most powerful monetization solutions, centralized marketplace, credit & incentive program information, real-time data & analytics, and access to a network of professional organizations offering advisory, structural and transactional services.
  • 2. Can my company benefit on the OIX Platform?
  • In an era of continuous innovation and improvement, all stakeholders engaged in tax credit & incentives acquisition or management can benefit from OIX’s integrated platform providing valuable resources to manage, monetize and get smarter around these assets to enable you and your company to maximize potential benefits.
  • 3. How do I access the OIX?
  • Open a free Membership account. Click here to get started.
  • 4. What types on companies are currently on the OIX?
  • Over 700 companies are current “Members” of the OIX, including F500, CPA and advisory firms (national and regional), family offices, public/private companies and brokers/intermediaries/syndicators.
  • 5. My company is not currently engaged in credits & incentives, so what are we missing?
  • Governments offer economic incentive programs designed to assist businesses in job creation and investment; your company may be eligible for these incentives (and can either utilize or monetize), and if you’re business has tax liabilities you can purchase certain types of tax credits (state & federal) at a discount to its face value and apply against taxes owed and achieve an attractive no-risk yield.

OIX Products

  • 1. What are OIX SaaS products?
  • OIX enterprise solutions are a secure cloud-based suite of applications designed to help your company navigate the credits & incentives landscape. We offer sophisticated and ease-of-use software systems to manage credits & incentives generated anywhere in the world with a variety of options to serve any organization’s needs.
  • 2. Why do I need modern technology when I currently use spreadsheets/notepaper/or an off-the-shelf solution?
  • You’re kidding, right?
  • 3. What are some of the key benefits/functionality of OIX systems?
  • Portfolio analytics, document storage and indexing, electronic document execution tools, customizable workflow tools, customizable reporting tools, calendar and alert/reminders, sharing and collaboration capabilities, manage credits you harvest and realize, manage internal/external transfers, monitor internal audit trails and variance tracking, record offline/private transactions, asset management tools, ease-of-use interface, integrate with in-house systems and enjoy seamless access to a national marketplace right at your fingertips.
  • 4. If I am a corporation which OIX product is right for me?
  • Public and private companies can leverage our state-of-the-art “Tax Credit & Incentive Management Systems” which enable you to track and manage ANY type of tax credit or incentive (statutory, negotiated, and other) generated anywhere in the world. With our systems you can load incentives, index any documentation, assign a customizable workflow process, and manage the lifecycle from inception to harvest. If the credit is transferable you can monetize on the OIX Marketplace or you can easily record offline internal/external transfers. Our system also provides analytic and reporting tools around your entire tax credit & incentive portfolio and integration with your internal accounting systems.
  • 5. If I am a CPA or advisory firm which OIX product is right for me?
  • CPA and advisory firms can leverage our “Advisor Systems” to manage administrative activities on behalf of your clients. Handle the workflow and compliance process internally and/or share status and the lifecycle through collaboration tools allowing your clients (optional) to access through a fully branded experience. Customizable dashboards also enable you to track and manage advisory fees, project leads, engagement start/end dates, and more. Our system also provide analytic and reporting tools around your entire advisory practice and integration with your internal accounting systems.
  • 6. If I am an intermediary, tax credit broker or syndicator which OIX product is right for me?
  • Brokers, intermediaries and syndicators can acquire OIX “Processing Systems” to manage your transactional business. Automate the trading process, track closings, communicate with your customers, exchange documents and manage transaction fees. Take your business to the next level and license our “marketplace technology” systems for a white-label and proprietary environment. Our system also provide analytic and reporting tools around your entire transactional practice and integration with your internal accounting systems.
  • 7. Can I use my OIX system to manage and process credits I buy or sell offline/privately?
  • Absolutely. Although we’d love for you to use the OIX Marketplace for your monetization needs we understand that you may have other options and/or long-standing relationships. As such our systems are designed to support your needs to record and track any transferable credit that you buy or sell privately/offline (through a broker, direct, or through internal transfers) and leverage our processing, documentation and analytic solutions.
  • 8. How can I manage my company’s unique internal processes with the OIX Workflow & Calendar tool?
  • All OIX systems incorporate a dynamic “Workflow” tool which you can customize to manage internal processes. Certain credit programs require a unique workflow process, and in some cases same credit programs may require an entirely different process. With the OIX Workflow tool you can customize processes, address step-by-step regulations and compliance needs, “assign” tasks to collaborators, track variance and key data points, and for better efficiency all “dates” in your system (Workflow or otherwise) roll up to your “Calendar & Event Tracker” with automated email and notification reminders sent to you and your team on a frequent basis. You’ll never miss an important deadline! Our “Calendar” feature includes a “heat-map”, traditional calendar views and the ability to export to Outlook or iCal.
  • 9. How can I collaborate internally and/or externally with third parties?
  • We offer several options for collaboration: First, with an OIX system you can add “Admin Users” from within your organization to share access to your account. When inviting a collaborator you can also (1) set permission levels to determine what that person can or cannot do in your system, and (2) when loading credits/incentives you can set additional permission levels as to which admin users can or cannot access/view/edit credits. Second, on a credit-by-credit basis you can “share specific” credits with third parties (which does not grant access to your entire system) who will only have access to THAT particular credit. Of course you can manage permission levels (view/edit) for third party sharing, and also “revoke” access or “transfer” access to third parties with ease.
  • 10. If I want to create my own online marketplace does OIX license its technology?
  • Yes. The OIX licenses its marketplace and technology to US or international firms seeking to create or scale their transactional business. Our front-end “marketplace” and back-end “administrative” systems provide end-to-end infrastructure and processing capabilities.
  • 11. What are the costs associated with OIX systems?
  • OIX enterprise products are provided on through usage-based pricing model at 10 basis points (1/10 of 1%) tied to the amount (face value) of credits or incentives under management. This is not an “annual” fee, but rather a cost incurred relative to the entire lifecycle from inception to realization/monetization. Customized and white-label systems for “Advisory Firms” or “Marketplace Systems” for transactional firms may be offered on a flat annual fee, usage-fee, or negotiated rate structure depending on the requirements and needs of your business.
  • 12. How does the OIX secure my data?
  • OIX systems are a secure and cloud-based solution with end-to-end data and file encryption. The OIX harnesses the security and reliability of the Amazon Web Services (AWS) infrastructure and seamlessly integrates with the Box.com and DocuSign platforms to manage document encryption and the eSignature process securely. Click here to learn more about OIX security or request our full documentation.
  • 13. Can OIX products communicate with my company’s internal systems?
  • In addition to the ability to export all data in your system to a CSV format, OIX can expose its secure API (RESTful “web service") to your organization’s IT team enabling you to access your data for the purpose of generating highly customized reports or to develop integrations with other systems your company is leveraging.
  • 14. How can the OIX help my company with newly proposed government regulations (FASB 832)?
  • Proposed regulation (FASB Topic 832) mandates that corporate entities (public and private) to provide details of government assistance arrangements, requiring reporting on statutory or negotiated tax credits, incentives, rebates, grants, abatements, loan guarantees, bond guarantees, and more; all of which OIX systems are designed to manage and process.
  • 15. What exactly is a “Service Provider Portal” and what are the benefits?
  • Tax credit professionals (of all kinds) can launch a proprietary and branded “Service Provider Portal” (with detailed content and hyperlinks and connectivity to your corporate website) on the OIX Platform in order to promote and market core services to the OIX community. OIX Members can use our search tools to find providers and practitioners that offer support with services ranging from advisory, audit, finance, legal, insurance, procurement, and more. The annual license fee for a Service Provider Portal is $25,000. Examples of current Service Providers include: Deloitte, Ernst & Young, BDO, Moss Adams, and more.
  • 16. What exactly is a “Private Portal / Deal Room” and what are the benefits?
  • Brokers/syndicators/intermediaries can acquire a “Private Portal/Deal Room” on the OIX Platform coupled with transactional processing systems to manage any type of activities. The annual license fee for a Private Portal/Deal Room starts at $50,000 (plus usage-fees). The OIX is introducing the technology and infrastructure for companies transacting in “partnership” (state & federal) credits and licensed broker/dealers (FINRA and SEC compliant) who can obtain a system to manage these types of transactions, clearance and compliance.

MEMBERSHIP ON THE OIX

  • 1. What are the benefits of OIX Membership?
  • Only OIX Members can access our platform, tool suites, tax incentive program database, real-time market data and the OIX Marketplace. To learn more please explore the Platform.
  • 2. What does it cost to become a Member of the OIX?
  • Membership and access to the OIX Platform is free!
  • 3. What is the process to become a Member?
  • Membership on the OIX is currently limited to valid corporate entities (C corps, S corps, LLCs, Partnerships, etc.). Simply fill out our brief application to open an account. Approved “Members” activate an account by accepting our Terms of Use) which gains immediate and full access to the OIX platform and services.
  • 4. What are my Membership options?
  • You can simply become a Member of the OIX free of charge to access our Platform, and if you would like to leverage OIX enterprise solutions you can take advantage of our dynamic tools and services on a usage-based pricing model. If you plan to transact on the OIX Marketplace, note that only qualified corporations can qualify for Direct Market Access Membership (which is currently limited to F500, reputable public/private companies, national/regional accounting and advisory firms, volume sellers, or experienced tax credit brokers) and freely transact on the OIX Marketplace.
  • 5. Can I cancel my Membership account at any time?
  • Yes. Members can cancel their Membership at any time.

THE OIX MARKETPLACE

  • 1. What is the “OIX Marketplace”?
  • The OIX is the only online marketplace for tradeable tax credits offering centralized inventory, transparency, price discovery, standardization, security, compliance, clearing services and a standard of best practices. On the OIX our Members can search, track and monitor the tax credit markets through real-time data and powerful analytic tools, and transact through our ease-of-use platform. Buyers and sellers determine (in their sole discretion) the price at which the parties are willing to transact through price discovery, electronic, transparent and visible negotiation, and are not determined by the OIX.
  • 2. How can I transact on the OIX Marketplace?
  • Members with Direct Market Access (DMA) (description in the Membership section above) can transact freely on the OIX. If you do not have a DMA account (which you will be informed of upon activation) then please you can transact through a broker who is on the OIX or contact us to learn about other options.
  • 3. How can I identify credits on the OIX that meet my needs?
  • On the OIX all characteristics of a tax credit are clearly displayed, and search and sort tools assist with identifying specific credits. It is up to the Member, however, to determine (along with their tax professional) that they can use the credit given their particular tax planning strategy, as the OIX does not provide legal or tax advice as to a Member’s ability to utilize a particular credit.
  • 4. What are the rules around buying and selling credits on the OIX?
  • Buyers can post a bid or buy credits listed by a seller on the OIX provided that the buyer has sufficient cash or borrowing facilities available to pay the purchase price upon completion of a transaction. Sellers can post a transferable credit for sale on the OIX provided that the seller has the authority to sell the credit, and that the credit is valid and must have either an “Approved Application” “Initial Certification”. Other “rules” around Marketplace conduct is available to all Members (accessible from your Dashboard).
  • 5. What are the fees associated with using the OIX Marketplace?
  • There are no fees to buy credits on the OIX. The OIX charges a transaction fee to sellers: (1) 1% for volume sellers, and (2) 2%-3% for smaller credits (under/over $1 million in face value).
  • 6. Am I bound by exclusivity or any other obligations to use the OIX?
  • No. We do not require exclusivity, and you can pull your bid or offer down at any time.
  • 7. Are my bids or offers “binding” on the OIX?
  • It depends. When you post a credit for sale your offers are always binding. Buyers who place “open bids” (posting a bid when looking for credits that are not currently offered) you have the opportunity to review and accept or decline credits that are offered to you.
  • 8. Is my identity revealed when transacting on the OIX?
  • When posting a bid or offer you can designate whether you want to be “visible” or “anonymous” to other Members.
  • 9. What kind of credits can I buy, sell or finance on the OIX?
  • Currently the OIX hosts a market for our Members to buy, sell or finance US state transferable tax credits on the platform. Coming soon the OIX will provide the infrastructure for transactions in “partnership” or “syndicated” credits (state and federal) in the form of “deal rooms” hosted by licensed sellers/syndicators.
  • 10. Can I pre-buy, pre-sell or finance any type of credit?
  • Yes, many of our Members who generate credits that will be certified in the future often desire to lock in a buyer, and conversely sellers who need to plan ahead seek to lock in a future buyer. These types of transactions are feasible on the OIX, and credit vintage tax year and delivery dates are clearly displayed on the platform and/or dictated through the Purchase & Sale Agreement provided by sellers. Timing, delivery date and exchange of funds are at the sole discretion of the parties.
  • 11. If I buy a credit how do I know that the credit is valid?
  • The OIX conducts an independent review of diligence items such as: pre-certification letters, cost certificates, tax credit certificates, applications sent to an administering agency, UCC lien search, and any other pertinent information relating to credits prior to being listed. Buyer are always encouraged to perform their own due diligence on credits considered for purchase.
  • 12. Can I buy or sell credits on behalf of my clients?
  • Yes. If you are an accounting firm, tax advisory firm, wealth manager, family office, law firm, tax credit broker, or other type of intermediary you may buy or sell credits on behalf of your clients as long as you adhere to the Rules of the OIX (as all Members who transact on the OIX do).
  • 13. How does the OIX clearing and transfer process work?
  • Following a transaction on the OIX (which is the result of a buyer and seller agreeing on price and terms) the OIX handles the clearing and transfer process from A-Z, which entails: (1) we ensure that signature pages for necessary documents (PSA, transfer forms, etc.) are executed by both parties, (2) OIX acts as escrow agent for buyer to wire the purchase price, (3) we file and submit to the state agency the documentation required by statue to transfer a credit, and (4) we release fully executed closing docs to both parties and funds to the seller upon the perfection of the transfer and confirmation from the state (where the buyer has effectively taking delivery/title of the transferred credits). Conversely, buyers and sellers can opt to “clear direct” and manage the funding and state transfer process independently of the OIX.
  • 14. If I sell a credit how long does it take to get my money?
  • Typically, the clearing and transfer process takes anywhere from 5-7 business days, which is contingent on (1) how quickly the parties execute closing documents, and (2) if there are “transfer approvals” required by a state agency. In certain cases where a state agency either needs to approve a transfer, or when new credits are issued in the name of the buyer the closing process may take longer.
  • 15. As an advisor or intermediary do I need to take possession of credits or handle funds?
  • No, intermediaries when representing clients on the OIX never need to handle funds nor take possession of credits. The OIX handles the clearing, escrow and transfer process. This does not, however, prohibit intermediaries from doing so, and all arrangements between agents and their client at the discretion of our Members.

ADMIN / LEGAL ISSUES

  • 1. Can I get specialized help from the OIX on how to use the platform?
  • Yes. The OIX is there to help you navigate the platform and offer personalized support and unlimited training. We can even manage actives for you where you will still be able to access all of your activity in your digital account.
  • 2. How do I claim a tax credit purchased on the OIX on my tax return?
  • Typically all you need to include on your tax return is either the tax credit certificate and/or the transfer notification. Members should consult with their tax professionals for guidance as the OIX does not provide tax advice.
  • 3. How does OIX ensure security and encryption around transaction documents?
  • The OIX facilitates the uploading, storing, managing and sharing of documentation via a secure, encrypted environment built on top of the industry standard document collaboration platform, Box. Documents are transferred via high-grade TLS and stored in multi-layered encryption with 256-bit AES. Click here to learn more.
  • 4. Is the OIX a regulated entity?
  • No. The OIX is currently focused on facilitating transactions in US state transferable tax credits – which are not securities as defined by the SEC Act of 1933, but rather are defined as “property” – and as such we are not a regulated entity. When the OIX expands into hosting a market for “partnership” and “allocated” credits (state and federal) that are syndicated as “securities” the OIX will become SEC and FINRA complaint, and require broker-dealer access to transact in those products on the OIX platform.
  • 5. Do I need a license to buy or sell credits?
  • No. Since state tax credits are not securities you do not need a license to buy or sell state transferable tax credits. Broker/dealer license are required for firms who sell/syndicate “partnership” credits (state & federal).
  • 6. What legal documents are required for OIX Membership?
  • All Members simply need to accept our Terms of Use for access to the OIX, and abide by the Rules and Procedures of the OIX if they intend to transact on our platform.
  • 7. Is the OIX interested in mutually beneficial partnership opportunities?
  • Yes. The OIX currently works with a number of organizations through rev-sharing and lead-gen structures. Please contact us to explore further.

Connect with OIX

OIX - The Online Incentives Exchange

The OIX provides integrated technology solutions for tax credit & incentive management, administration and monetization. The OIX is the only provider that offers secure cloud-based technology, and white label solutions coupled with compliance, workflow and reporting tools which are a must-have for any business!