FCI Handling Fee Sample Clauses
The FCI Handling Fee clause defines the charges imposed by a Factor Chain International (FCI) member for processing and managing receivables transactions. Typically, this fee is calculated as a percentage of the invoice value or as a fixed amount per transaction, and it covers administrative tasks such as credit assessment, collection, and reporting. By clearly outlining the costs associated with factoring services, this clause ensures transparency for all parties and helps allocate the administrative expenses involved in international trade finance.
FCI Handling Fee. Each Borrower shall, with respect to the issuance or amendment of any FCI by an FCI Issuing Lender, pay to such FCI Issuing Lender, quarterly in arrears in accordance with clause (vi) below, a handling fee of $150 with respect to each FCI so issued, and $100 with respect to each FCI so amended, by such FCI Issuing Lender during the previous calendar quarter (the “FCI Handling Fee”).