## D. ANNUAL PROCEDURES FOR AN EXISTING WTA TOURNAMENT 

## 1. Tournament Information Form 

The Annual Tournament Information Form for existing Tournaments must be submitted no later than February 28 prior to the start of the applicable Tour Year. Any Annual Tournament Information Form submitted after the February 28 deadline must be accompanied by a late fee of US$1,000. The Annual Tournament Information Form shall be distributed annually by the WTA at least sixty (60) days before the deadline. 

## 2. Prize Money 

Each Tournament must comply with the following provisions (subject to change) regarding prize money. Revised provisions, if any, will be distributed by the WTA. 

a. Payment Currency 

i. US Dollars or Euros 

Prize money listed in Tournament applications shall be expressed in US dollars. Prize money must be paid in US dollars in the amount stated on the applications and approved by the WTA, except for Tournaments held in Euro Monetary Countries, which must pay the on-site prize money in Euros, but all Tournament-related fees (e.g., tour fees, ELC, etc.) must be paid in US dollars. 

The on-site prize money levels for Tournaments held in Euro Monetary Countries will be annually set at the rate of 1.24 US Dollars to 1 Euro. However, this conversion rate does not apply to the Mutua Madrid Open WTA 1000 Tournament. 

ii. Non-US Dollars or Non-Euros 

A Tournament, however, may pay its prize money in non-US dollars (or a non-Euro currency for Euro Monetary Countries) if a written request is made to the WTA at least three (3) months in advance of the Tournament. The WTA reserves the right to deny the request based upon factors including: the stability of the currency against the US dollar (or Euro); the international popularity of the currency; the players’ convenience in converting that currency to US dollars (or Euros) or other currency; and the efficiency of the banking system upon which the prize money checks are drawn. 

