TICKETING & FEES
| What is a TICKET ? |
| A Ticket is the summary of sales information regarding a particular deal between a FOUNDATION™ member and a collector/ buyer. |
| The notification of a sale is either possible through the FOUNDATION™ IOS App or by requesting a Quick-Ticket™ via email. |
| The Ticket is the basis for our due diligence and three possible decisions: |
| 1) APPROVED; |
| 2) DENIED; or |
| 3) FURTHER INQUIRY. |
| The minimum size of a ticket is € 1.200 or US$ 1.500. |
| The maximum size of a ticket is € 15.000 or US$ 20.000. |
| We differentiate between three ticket categories: |
| TICKET (small) | HANDLING FEE (€) / (US$) |
| € 1.200 - € 3.199 | Flat Fee: € 120 |
| $ 1.500 - $ 3.499 | Flat Fee: US$ 150 |
| PAY-OUT TERMS: Upon approval: within 48 hrs | |
| 100% payment of face value less flat fee | |
| TICKET (large) | HANDLING FEE (€) / (US$) |
| € 3.200 - € 15.000 | 3.8 % |
| $ 3.500 - $ 20.000 | 3.8 % |
| PAY-OUT TERMS: Upon approval: within 48 hrs | |
| 90 % payment of face value | |
| after 35 days | |
| remaining 6.2% payment (10 % less handling fee) | |
| TICKET (XL) | HANDLING FEE (€) / (US$) |
| larger than € 15.000 | subject to individual review |
| larger than $ 20.000 | PAY-OUT TERMS: |
| subject to individual review | |
| Update: 20. November 2013 | |