Standard Guarantee Agreement 

Features

The standard guarantee agreement includes the following data:

·         Number of standard guarantee agreement

·         Agreement category: Guarantee

·         Number of standard guarantee agreement rule

·         Version number: Used together with other data for period management

·         Remuneration types:

-        Guarantee for sub-threshold earnings

-        Recall of sub-threshold earnings

-        Guarantee for excess earnings

-        Retention of excess earnings

·         Duration: Period (a year, for example) in which the guarantee is granted (for information purposes only).

·         Disbursement: Disbursement in advance or in arrears

·         Recall rule sub-threshold earnings: Regulates the type of recall with sub-threshold earnings

·         Assigned period rule: The period rule contains the exact limits of the individual periods valid in an individual guarantee rule, with start and end date.

·         Guarantee amount: Guarantee amount in commission model currency

·         Minimum guarantee amount: Minimum guarantee amount to be agreed for each commission contract in commission model currency

·         Maximum guarantee amount: Maximum guarantee amount to be agreed for each commission contract in commission model currency

Activities

Maintain the standard guarantee agreement in Customizing: Commissions à Commission Contract à Standard Guarantee Agreement.