During the administration of receivables for investors, creditors or trustees we proceed according to agreements that have a form of a servicing agreement (mandate agreement).
Contract relations with investors are based on a detailed agreement on the administration of the portfolio with receivables and our remuneration for this administration is always calculated from returned funds on the basis of a fee for the administration and a fee for excess of the set parametres of individual claims or the whole portfolio (usually in connection to the purchase price and its allocation). We do not charge any lump fees. Court fees are paid by the investor.
Contract relations with creditors and trustees are based on a simplier type of agreement. Our remuneration is set as a percentage from returned funds. In case of trustees we extend the contract agreement also for a possible approval of other entities (creditors´ committees) and for other specific points given by the bankruptcy process.
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