ii. If deemed necessary to fulfill playing opportunities; or 

## 2. Application Fee and Letter of Credit 

iii. If it fulfills a geographic market goal of the WTA. 

An applicant must submit to the WTA: 

a. A non-refundable application fee in the amount of US$5,000; and 

b. An irrevocable letter of credit (or other financial vehicle approved by the WTA), which must be valid for three (3) years with three (3) annual draws in the amount of the event’s annual prize money pursuant to Section XV.C - Financial Security Requirements (“Letter of Credit”). 

The Letter of Credit will be cancelled should the Board of Directors not approve the Tournament application. 

## 3. Approval from National Tennis Association or Federation 

An applicant should make every effort to contact and seek approval from their National Tennis Association or Federation. However, this approval is not required for acceptance onto the WTA. 

## 4. Site Check 

An applicant must be immediately available, upon request of the WTA, to organize one (1) or more site checks of the proposed venue for hosting the new Tournament. The site check(s) shall be completed prior to the Board of Director’s consideration of application. If one (1) or more site checks are deemed necessary by the WTA, the applicant shall pay the cost of such site check(s) (including travel, lodging, food, and other reasonable expenses). 

## 5. Security Risk Assessment 

An applicant must pay the cost of any security risk assessment(s) prepared by the WTA’s Security Director or a professional security consulting firm that the WTA designates if the WTA deems such security risk assessments necessary. 

## 6. Letter of Agreement 

The WTA will send to the applicant a Letter of Agreement indicating provisional approval of the Tournament and the terms and conditions. This Letter of Agreement must be signed by the applicant and returned before the application will be considered for final approval. 

