Irrevocable Master Fee Protection Agreement For Gold
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FAQ
An Irrevocable Fee Protection Agreement (IFPA) is generally applied to an over-the-counter commodity transaction. It is an irrevocable and binding legal agreement between a buyer, a seller and a business broker.
Sub-Fee Coverage (Amount Received By Paymaster): This sub-fee protection agreement (SFPA) is issued on behalf of the paymaster named above (the Paymaster). Payments by the Paymaster to the Beneficiaries (the Payments) will be made after each arrival of funds on behalf of the Beneficiaries to the Paymaster.
