Update a Recurring Fee in a Guarantee

Once you have added fees to a guarantee in Fairways Guarantees, update the fees, e.g. when they are paid.

 

Prerequisite

 

Navigate to the Guarantees Section
  1. Log in to your Fairways Guarantees account, e.g. https://koesio.financeactive.com/login.
  2. Select a customer account.
  3. Navigate to Guarantees.

Dashboard_EN.png

 

Update a Recurring Fee in a Guarantee
  1. Click a guarantee to open its profile.

Guarantees_EN.png

  1. Navigate to the Financial Fees section.
  2. Click Edit beside the fee to edit.

Guarantee_FinancialFees_EN.png

  1. Complete the form with all relevant details.

Note: Fields marked with an asterisk * are mandatory.

Field

Description

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.

Payment Status

Status of the fee payment.

From

Payer.

To

Receiver.

Start of Period

Start date of the fee phase.

End of Period

End date of the fee phase.

Calculated Fees

Amount to pay.

Payment Date

Actual payment date of the fee.

Fixing

Fixing applied.

Paid Fees

Actual amount paid.

Comment

Additional details about the fee.
  1. Click Save.

Fee_Recurring_Edit_EN.png

The fee updates.

Fee_Recurring_Updated_EN.png

 

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