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Pro Circuit Rulebook 2011 - ITF

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v) Prize Money Category: $100,000<br />

• 32 Draw, 32 Qualifying<br />

• 5% PHCP Fee = $5,000<br />

32 Singles 16 Doubles<br />

(per team)<br />

Winner $15,200 $ 5,573<br />

Finalist $ 8,107 $ 2,787<br />

Semi-finalist $ 4,433 $ 1,393<br />

Quarter-finalist $ 2,533 $ 760<br />

Round of 16 $ 1,520 $ 507<br />

Round of 32 $ 887 -<br />

Total $68,653 $18,240<br />

Qualifying<br />

Final Round $ 509<br />

Round of 16 $ 316<br />

Round of 32 $ 221<br />

Total $ 8,107<br />

2. PAYMENTS<br />

Prize money in cash or cheques should be made available daily at the<br />

Tournament Office for each day’s losing players. The following criteria<br />

should be observed:<br />

a) Tax Deductions<br />

Any Government tax deductions from prize money must be stated on the<br />

players' fact sheet.<br />

b) Currency<br />

Prize money shall be paid in US Dollars unless prior approval to pay in any<br />

other currency is obtained in writing from the <strong>ITF</strong> no less than four (4)<br />

months prior to the start of the tournament.<br />

c) Exchange Rate<br />

A non-US Tournament may elect to pay on-site prize money in US Dollars or<br />

in local currency. If local currency is selected, then the exchange rate for a<br />

given tournament (Official <strong>ITF</strong> Exchange Rate) shall be the average of the six<br />

(6) months immediately preceding six (6) months prior to the tournament. If<br />

on the Monday, seven (7) days prior to the start of the tournament, there is a<br />

fluctuation in the Official <strong>ITF</strong> Exchange Rate of five percent (5%) or more,<br />

up or down, then such exchange rate shall be adjusted, up or down as follows:<br />

59

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