Booking Fee Overview
The Booking Fee is a fixed, non-refundable charge payable upon acceptance of the Term Sheet. It serves as the Applicant’s formal consideration for the facility and reflects a binding intention to proceed under the outlined terms.
This fee performs several critical functions:
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It reserves the underlying collateral required to support the issuance of the Bank Guarantee.
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It confirms the Applicant’s commitment to the transaction, allowing Balkan Capital Assets to initiate internal processing, compliance checks, and allocation of banking resources.
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It secures the transaction timeline by prioritizing the Applicant’s place in the facility queue and ensuring timely execution of the next contractual steps.
The Booking Fee is not an additional or hidden cost; it is fully disclosed within the Term Sheet and is offset against the overall contract pricing structure. Its payment is a prerequisite to the issuance of the Collateral Offer Contract and the formal engagement of the Issuing Bank.