Bonds

BOND REQUIREMENTS FOR TRAVEL AGENTS

As part of the licensing requirements, it is necessary for Agents to provide ATOC with a bond guarantee.

For existing agents, where a guarantee is provided, the value of the bond needs to be equal to the sum of the two highest consecutive periods of rail sales generated under their ATOC Travel Agents Licence.

The bond is reviewed annually in line with the time of year the bond was placed and is therefore reviewed on the basis of the agent's most recent 13 accounting periods, however, if there is a notable rise in an agent's revenue prior to the annual review an increase would be requested in order to ensure the correct level of cover is maintained at all times.

For new licence applications, the value of the bond needs to be equal to the sum of the two highest consecutive projected periods sales as declared in section B3 of the licence application form.

Please click here to download details of Rail Settlement Plan (RSP) approved suppliers and draft bond wording. 

If you find you need further information or advice please do not hesitate to contact Jill Betts by

e-mail: jill.betts@atoc.org