Update a Recurring Fee in 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 September 27, 2022 14:12.

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

Update a Recurring Fee in a Guarantee

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.

The fee updates.