Non Negotiables

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1. Junket group arrives at the Casino.

2. Deposited front monies are converted into non-negotiable chip purchase vouchers (also known as cheque credits in some casinos). This is recorded on a non negotiable chip purchase voucher schedule at the Casino cashier.

3. Non negotiable chip purchase vouchers are used to buy non negotiable chips at the gaming table (usually Baccarat).

4. Junket players wager non negotiable chips during the course of play.

5. Winning wagers are paid in cash (negotiable) chips with the non negotiable chips remaining as the original wager.

6. Losing wagers are taken by the dealer/croupier and placed in the table float.

7. Non negotiable chips can only be exchanged for non negotiable chips.

8. Once the player has exhausted their non negotiable chips they take their cash chip winnings and exchange these for non negotiable chip purchase vouchers at the Casino cashier. This exchange is noted in value and added to the players/groups individual non negotiable chip purchase voucher schedule.

9. When the junket group departs the non negotiable chip purchase voucher schedule is totalled and all remaining non negotiable chip purchase vouchers are deducted as well as any non negotiable chips held. This provides a value for “turnover” upon which commission is paid. All chip purchase vouchers and chips are converted to a cash equivalent or deducted from personal cheques held with a new cheque value written out (this may or may not include commission payments dependant upon casino policy).