ISO No:
AS G4S Estonia
Cash service pricing policy (SRK 3.12)
SRK 3.12
Date:
28.01.2015
Compiled by: T. Tikand
Confirmed by: P. Sarapuu
Cash service pricing policy
Ver: 2
Page: 1/7
ISO No:
AS G4S Estonia
Cash service pricing policy (SRK 3.12)
SRK 3.12
Date:
28.01.2015
Compiled by: T. Tikand
Confirmed by: P. Sarapuu
Ver: 2
Page: 2/7
Table of contents
1.
General ............................................................................................................................................ 3
2.
The pricing of transport and processing of banknotes. .............................................................. 3
2.1
Basic price .............................................................................................................................. 3
2.2
Minimum basic price ............................................................................................................. 3
2.3
Risk coefficents ...................................................................................................................... 4
3.
The pricing of transport and processing of coins. ....................................................................... 5
4.
Package prices ................................................................................................................................ 5
5.
Comments ....................................................................................................................................... 5
6.
Example of cash service price calculation ................................................................................... 6
7.
Example of service fee calculation for one stop .......................................................................... 6
ISO No:
AS G4S Estonia
Cash service pricing policy (SRK 3.12)
SRK 3.12
Date:
28.01.2015
Compiled by: T. Tikand
Confirmed by: P. Sarapuu
Ver: 2
Page: 3/7
1. General
For pricing the cash service, the price of transport and processing of banknotes and the price
of transport and processing of coins are added together, and the result is compared with the
minimum basic price. If the result of the summation is smaller than the minimum basic price
(table 2), the minimum basic price is applied. The package price will be added to the cash
service price (table 6). All prices in the tables are without VAT.
The pricing policy applies as from 1 January 2015.
2. The pricing of transport and processing of banknotes.
The basic price of the transport and processing of banknotes forms a percent of the amount
of banknotes being served (table 1). If the basic price is smaller than the minimum basic
price (table 2), the minimum basic price is applied (table 2).
To calculate the total price of the transport and processing of banknotes, the basic price of
transport and processing has to be multiplied by the average risk coefficient (tables 3 and 4).
2.1
Basic price
The basic price depends on the amount of banknotes being served per month. The basic
price applies to each service order (hereinafter stop).
Table 1. Basic price
Amount in euros per calendar
month
< 1,000,000
1,000,000– < 3,000,000
3,000,000– < 6,000,000
6 000,000– < 10 000,000
≥ 10,000,000
2.2
Stop price
0.14%
0.13%
0.12%
0.11%
0.095%
Minimum basic price
Minimum basic price is applied, if the price calculated with the basic price (table 1) is smaller
than the minimum basic price (table 2). The client can choose between: a) Stop price from
the table in accordance with the customer point or b) average stop price, which does not
depend on the arrangement of customer points into sectors.
ISO No:
AS G4S Estonia
Cash service pricing policy (SRK 3.12)
SRK 3.12
Date:
28.01.2015
Compiled by: T. Tikand
Confirmed by: P. Sarapuu
Ver: 2
Page: 4/7
Table 2. Minimum basic price
Stop price/€
Sector
Stop in the 1st sector (Tallinn, Tartu, Jõhvi, hereinafter
the centre)
7.50
Stop in the 2nd sector (< 50 km from the centre)
9.00
Stop in the 3rd sector (< 100 km from the centre)
12.00
Stop in the 4th sector (> 100 km from the centre)
20.00
2.3
Risk coefficients
There are two risk coefficients, which they are taken into account in case of banknotes. Risk
coefficient no 1 depends on the average amount of remittance (table 3).
Table 3. Risk coefficient no 1
The average amount of
remittance in euros
Coefficient
< 1,000
0.5
1,000– < 3,000
0.7
3,000– < 5,000
0.8
5,000– < 7,000
1.0
≥ 7,000
1.1
Risk coefficient no 2 depends on the logistical details, for which their suitability to the existing
driving schedules has to be taken into account (table 4). The customer service will calculate
the coefficient upon making the quotation.
Table 4. Risk coefficient no 2
Suitability to the
existing route
Coefficient
1 stop per hour
4.0
2 stops per hour
2.0
3 stops per hour
1.3
4 stops per hour
1.0
5 stops per hour
0.8
6 stops per hour
0.6
ISO No:
AS G4S Estonia
Cash service pricing policy (SRK 3.12)
SRK 3.12
Date:
28.01.2015
Compiled by: T. Tikand
Confirmed by: P. Sarapuu
Ver: 2
Page: 5/7
3. The pricing of transport and processing of coins.
The price of the transport and processing of coins depends on the amount of coins in one
stop (table 5). To get the total price of the cash service, the price of transport and processing
of banknotes and the price of transport and processing of coins are added together. If the
result basic price is smaller than the minimum basic price (table 2), the minimum basic price
is applied.
Table 5. The price of transport and processing of coins.
Service
The transport and
processing of coins
Stop price
0.4%
4. Package prices
For packing remittances, disposable security packages and security seals are being used.
The price for these will be added to the total price of cash service.
Table 6. Prices of packaging products
Product
Security
package
Security seal
Price/unit
0.36 €
0.36 €
5. Comments
This pricing policy is not applicable for the pricing of heavy-weighted amounts of coins. The
referred principles do not apply to customers, to whom the service is not provided under the
standard conditions or who meet any of the following characteristics:
-
-
-
The customer has conducted or will conduct a public procurement procedure under
the Public Procurement Law in order to find the provider of the cash service, and the
procurement conditions and/or the contract present significantly different
requirements to the service and its provision than the regular G4S contract for the
provision of cash service;
The customer is a provider of vital service and, due to that, is engaged to the
provision of the cash cycle and payment service in accordance with Section 34(8) of
the Emergency Act;
The provision of cash service to the customer considerably differs from providing the
service to regular customers, due to which an individual quotation is required.
ISO No:
AS G4S Estonia
SRK 3.12
Cash service pricing policy (SRK 3.12)
Date:
28.01.2015
Compiled by: T. Tikand
Confirmed by: P. Sarapuu
Ver: 2
Page: 6/7
6. Example of cash service price calculation
A chain store has three shops: 1 in Tartu (1st sector), 1 in Keila (2nd sector), and 1 in Valga
(3rd sector). Each shop plans to order the transport of money 20 times per month. The
amount of cash being served is 150, 000 € per month, the value of the average shipment of
banknotes is 2,500 €.
1) The calculation of the basic price of transport and processing of banknotes (table 1)
Basic price: 0.14%.
2) The calculation of the minimum basic price (table 2)
Stop
price/€
Customer data
Stop in the 1st sector (Tallinn, Tartu, Jõhvi, hereinafter the
centre)
7.50
20
Stop in the 2nd sector (< 50 km from the centre)
9.00
20
Stop in the 3rd sector (< 100 km from the centre)
12.00
20
Stop in the 4th sector (> 100 km from the centre)
20.00
Sector
Total:
60
Average stop price 9.50 (7.50 x 20 + 9.00 x 20 + 12 x 20) / 60)
3) Calculation of the average risk coefficient
- Risk coefficient no 1 – the coefficient is 0.7 (table 3).
- Risk coefficient no 2 – customer service determines the coefficient 1.0
(table 4).
The average risk coefficient 0.85 (0.7 + 1.0 / 2).
4) The calculation of the total price of cash service
- Basic price: 0.0014 x 0.85 = 0.00119 or 0.119% of the amount served, but
no less than 9.5 x 0.85 = 8.08 € for one stop (minimum basic price).
- The price of transport and processing of coins. 0.4% of the amount served
(table 5).
- Package price: 0.36 € (table 6).
7. Example of service fee calculation for one stop
The store will prepare one security package of banknotes in the amount of 5,000 € and 1
package of coins in the amount of 200 €.
1) The calculation of the service fee for the stop:
5,000 x 0.119% = 5.95
200 x 0.4% = 0.8
ISO No:
AS G4S Estonia
Cash service pricing policy (SRK 3.12)
SRK 3.12
Date:
28.01.2015
Compiled by: T. Tikand
Confirmed by: P. Sarapuu
Ver: 2
Page: 7/7
Total: 5.95 + 0.8 = 6.75 €
The sum 6.75 € is smaller than the minimum basic price 8.08 €, which is why the minimum
basic price of 8.08 € is applied for this stop. The price of two security packages 2 x 0.36 =
0.72 € will be added to the total price.
For the calculation of the monthly cash service fee, all service fees for the monthly
stops will be added together, and the price for security packages and seals will be
added to the total price. VAT will be added to the total price.