In this page, user will find more information about the Admin module and more specifically on :

• Fees
  • Estimated Fees
  • Bank Fees
  • Corporate Fees
• How to add fees manually 
• Fee calculation Set up 

Estimated fees

This fee is charged to your bank after you provide the details for the establishment of your bank guarantee. It is located under the folder “Est. Fee.” of the guarantee.

The view estimated fee details page will load. This page has 3 sections :

• Commission Details : This part displays the periodic commission rate that are applicable to a transaction. In most cases, the fees and commission will be taken from the credit line commission matrix. If a record in commission detail section starts with ‘CL’; it indicates that the commission rate is set in the credit line commission matrix level. If the record starts with ‘CM’, it indicates that the commission rate has been manually altered for the related transaction.

• Fees and Charges: This part displays the one time fee that are applicable to a transaction.

• Estimated Commission and Fees : This part displays the estimated commission and fees that system has calculated based on the parameters set in section 1 and 2

Bank fees

It displays details of Bank Fees. Fees is recorded directly under guarantee ‘Bank Fee’ folder. This is applied when you use the corresponding bank.

Corporate fees

It displays details of Corporate Fees. Corporate fees are intended for inter company use; usually charged by Head Office to Business Units.

How to Add Bank/Corporate Fees Manually

Bank Fees à Click the ‘Bank Fees‘ folder of a transaction.

On the ‘View Bank Page’ , click the ‘Edit/ Add New Fee(s)‘ button.

Corporate Fees à Click the ‘Corporate Fees’ folder of a transaction.

On the ‘View Bank Page’ , click the ‘Edit/ Add New Fee(s)‘ button.

• On the ‘Edit Page‘ in the ‘Add New Fee section’ enter the new fee data, make sure you enter the mandatory fields ‘Booked Date‘ ,’Fee Type‘, and ‘Currency & Amount‘.
• Use calendar icons to enter ‘Booked Date/Date Paid‘ fields. The ‘Booked Date’ fields are pre-filled with the current date.
• To set the same ‘Booked Date‘ for all new fees, click the master calendar icon.
• To set the same ‘Date paid‘ for all new fees, click the master calendar icon.
• Select the ‘Fee Type’ from the drop-down list of available fees.
• Select ‘Currency‘ and enter fee amounts. To set the same currency for all new fees, click the master currency selector.
• Enter ‘Booking reference‘, ‘Fee Details‘, ‘Description‘ , and ‘Account‘.
• You can add up to 5 fees at once.
• To save the added fees and add more fees, click the ‘Save & add more’ button.
• To save the added fees and quit, click the ‘Save’ button.

• Click on More à  Link to view the following screen:
• Enter ‘Interest rate or amount‘.
• Choose the ‘Calculation Method‘. If you select the ‘Fixed Amount‘ option, you may fill the ‘Min/Max’ field.
• Use calendar icons to enter the ‘Calculation From‘ and ‘Calculation To‘ dates; the ‘Number of days‘ is automatically calculated, but you may edit it.
• Specify the ‘Multiplier’.
• To save the added fees and add more fees, click the ‘Save & add more’ button.
• To save the added fees and quit, click the ‘Save’ button.

Fee Calculation Setup

This functionality allows the user to create some automatic fees formula and calculation. User can click on “ Menu” and then “ Fee Calculation Setup.

From there, user can create the following Fees:

• Credit line fee
• Bank fee à will be shown under the bank fee folder of the transaction
• Corporate fee à will be shown under the corporate fee folder of the transaction

Click on the “Add bank Fee” to create some fee calculation. User will be able to select the following and then click on “Next”.

• Fees to applied to all banks or specific ones
• To which product should it applied; guarantee, letter of credit…
• Frequency :
  • Commission: recurring percentage and amount based fees
  • Estimate: forecast of the fees
  • One time : fee only calculated one time
  • Periodic: user can then select annually, monthly, quarterly, semi annually or weekly
  • Post One Time: additional fee paid after the one-time

• The reference number

Once the user clicks on “Next”, user will be redirected to the page for fees set up. On this page, user will be able to change different settings:

• Transaction: to select if the fees should applied to the parent transaction, the amendment or the reduction…
• Status: fees should be applied as soon as the status changed to “XXX”
• Fee Type: to select which category of fees it is

• Fee Formula: by clicking on “Insert variable” user will be able to create formulas to calculate the fees.

For example, the following ones will calculate the following fees:

• If the guarantee is type GTP006, then the fee should be 150 EUR, otherwise the fee should be 0.03* the amount of the guarantee and the currency should be the one from the application.