Add a One-Time Fee to a Guarantee

Invoicing: &nbsp;Fees paid by the principal(s) to the guarantor(s).
Markup: Fees charged by the principal to the applicant, according to the internal rules of the group in terms of transfer pricing, for acting as an intermediary.
Refund: &nbsp;Fees paid by the principal but due to being paid by the applicant.

Updated February 25, 2020 13:17.

There are two main categories of fees in Fairways Guarantees:

One-time fees: fixed fees calculated on a rate basis.
Recurring fees: calculated periodically on a rate basis as agreed with the guarantor.

Prerequisites

Add a One-Time Fee

Note: Fields marked with an asterisk * are mandatory.

Field	Description
From	Payer.
To	Receiver.
Type	Fee type.
Invoicing Type	Fairways Guarantees automatically calculates fees according to 3 invoicing types: Invoicing: Fees paid by the principal(s) to the guarantor(s). Markup: Fees charged by the principal to the applicant, according to the internal rules of the group in terms of transfer pricing, for acting as an intermediary. Refund: Fees paid by the principal but due to being paid by the applicant.
Date	Date at which the fee occurs.
Currency	Currency of the fee.
Amount	Amount of the fee.
Comment	Additional details about the fee.

The new one-time fee displays.