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.
Add a One-Time Fee
- Open a guarantee.
- Navigate to the Financial Fees section.
- Click Add > Add One-Time Fees.
- Complete the form with all relevant details.
Note: Fields marked with an asterisk * are mandatory.
Fairways Guarantees automatically calculates fees according to 3 invoicing types:
|Date||Date at which the fee occurs.|
|Currency||Currency of the fee.|
|Amount||Amount of the fee.|
|Comment||Additional details about the fee.|
- Click Save.
The new one-time fee displays.