UCI CYCLING REGULATIONS  2.13.099 The act of registering UCI Women’s WorldTeams shall not compensate for any failings  in the registration documentation nor breaches committed by the team or its members.  Checks and audits carried out by the UCI are of necessity limited and the UCI shall not  be liable.  2.13.100  During the season, the UCI may require the UCI Women’s WorldTeams to undergo a  random audit within the framework of which the team’s compliance with the financial,  administrative and/or organisational requirements covered in this chapter will be  examined.  2.13.101  The UCI Women’s WorldTeam shall be obliged to undergo the random audit required by  the UCI subject to advance notification of 30 days.  2.13.102 The costs related to the random audit will be assumed by the UCI when no infringements  of the UCI Regulations are noted.  2.13.103 In the case of infringements noted during the random audit and without prejudice to the  application of article 2.13.066 in the case of serious infringements, the costs of the  random audit may be charged to the team and a fine may be imposed under the relevant  provisions.  2.13.104 Each UCI Women’s WorldTeam must establish a first-demand (abstract) bank guarantee  in favour of the UCI in accordance with the model in article 2.13.127.  2.13.105 The bank guarantee must be established by the paying agent and submitted by the  issuing bank on behalf of the paying agent.  2.13.106 The guarantee shall be drawn up in English by a banking institution which can, either  directly or through a correspondent bank, transmit a SWIFT message to the UCI’s bank  (UBSWCHZH12A).  2.13.107 The guarantee must be drawn up and payable in either Swiss francs, euros or US dollars,  depending on the currency which is most used by the UCI Women’s WorldTeam for the  payment of salaries (including remuneration to self-employed riders). The exchange rate  to be applied in establishing the guarantee is that at 1 September preceding the  registration year.  2.13.108 The purpose of the bank guarantee is:  1.  to defray the debts, related to the registration year, in accordance with the  procedure set out below, incurred by the paying agent and the sponsors towards  riders and persons under contract for the operation of the UCI Women’s World  Team or team applying for this status in consideration of their services for the  operation of the UCI Women’s WorldTeam;  2.  to defray the payment of fees, expenses, indemnities, fines and sanctions or  sentences imposed by or in virtue of the regulations of the UCI or related to their  application.  Random audits  The random audit will be undertaken by the competent bodies for the assessment of the  different relevant elements (the UCI, the auditor and the organisational auditor).  Bank guarantee  E170421  ROAD RACES  150 