UCI CYCLING REGULATIONS  2.15.094 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 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.  2.15.095 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 licence-holder, the paying agent and  the sponsors towards riders and persons under contract for the operation of the  UCI World Team or entity applying for this status in consideration of their  services for the operation of the UCI 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.  2.15.096 For the application of provisions regarding the bank guarantee:  1.  The following are considered as debts incurred in consideration of services by  the licence-holder for the operation of the team:  - at the moment of the request to draw on the bank guarantee: unpaid sums  due under contract;  - in case of breach of the contract: sums due under contract not exceeding  those corresponding to services anticipated within the remaining period of  the contract. These sums constitute a contractual debt at the moment of  the breach of the contract;  - late payment interest on the sums mentioned above up to a maximum of  5%.  The following are not considered as debts incurred in consideration of services  by the rider for the operation of the team, in particular:  - other benefits in case of breach of contract, prize monies, legal fees and  costs of proceedings.  2.  Debts contracted by any other party in return for the services of a rider or any  other member under contract for the benefit of the UCI WorldTeam shall be  considered as debts contracted by the licence holder, the paying agent and the  sponsors and covered by the guarantee, inter alia debts contracted under the  contracts referred to in articles 2.15.116 and 2.15.117;  3.  The companies through which the licence holders concerned, apart from the  riders, carry out their activities for the operation of the UCI WorldTeam shall be  considered as members of the UCI WorldTeam;  4.  The definitions above are without prejudice to the question of whether a request  is founded in any particular case.  2.15.097 The creditor may not benefit from the guarantee for a contract a duplicate of his copy of  which has not been passed to the auditor appointed by the UCI no later than 1 January  of the registration year or within the month of signature for contracts signed after 1  December prior to the registration year.  (text modified on 1.07.10; 1.01.15).  E170421  ROAD RACES  210  (text modified on 24.03.17)  (text modified on 1.07.10; 1.01.15; 1.01.18). 