What Is an Agency Cost?
Agency fee is a fee paid by the borrower to the syndicate agent. Because the correspondent bank will incur various expenses in the contact business, such as travel expenses, telegram expenses, telex expenses, office expenses, etc. The agency fee is an expense incurred after the loan agreement is signed, and is usually paid once a year during the entire loan period until the loan is fully paid. Sometimes the maximum agency fee for a loan is as much as $ 60,000.
Agency fees
Right!
- Chinese name
- Agency fees
- Foreign name
- Agency fee
- nickname
- Agency (service) fee
- Meaning
- A fee paid by a borrower to a syndicate agent
- Nature
- Expenses incurred after signing the loan agreement
- Agency fee is a fee paid by the borrower to the syndicate agent. Because the correspondent bank will incur various expenses in the contact business, such as travel expenses, telegram expenses, telex expenses, office expenses, etc. The agency fee is an expense incurred after the loan agreement is signed, and is usually paid once a year during the entire loan period until the loan is fully paid. Sometimes the maximum agency fee for a loan is as much as $ 60,000.
- In other words, the agency (service) fee refers to the payment of the agent to the agent (the law firm, the intellectual property agency) paid by the party (the agent) to the agent (the law firm, the intellectual property agency) when handling legal and intellectual property matters The fees paid by the two parties for professional agency services, that is, labor remuneration. The laws and regulations do not clearly stipulate the payment standards and methods, and the two parties can determine by themselves.
- For example: a brand belongs to a company. If you want to get the trademark right in some areas. Then you must send a certain amount of funds to obtain all the right to use some areas from this company. This funding is called agency fees.
- The agency fee is not a deposit. The deposit is a guarantee of normal cooperation between the two parties and a certain amount of binding funds on the agent. The deposit is usually refundable when there is no cooperation. The agency fee is not refunded.