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Guaranteed Reserved Instances (GRI), Savings Plans (GSP), and Committed Use Discounts (GCUD) are unique, insurance-backed cloud commitment options offered by Archera.
Guaranteed Commitments charge a small monthly risk premium only if the underlying commitment delivers savings for the customer — working out to a small percentage of the savings achieved by the Guaranteed Commitment for the customer.
In exchange for this, customers get the option to either get a direct rebate for any un-utilized committed value or entirely sell back the remainder of the up to 3-year commitment to Archera at any time after a minimum term length (either 30 days or 1 year).
This means when a customer commits to an Archera Guaranteed Commitment there will be two separate charges:
One for the underlying native 1 or 3-year CUD, RI, or SP billed by the cloud provider
One charge via the cloud marketplace from Archera for the Guaranteed Commitment premium
We have two primary Guaranteed Commitment term lengths — 30 days and 1 year — that customers can choose between when purchasing a Guaranteed Commitment, each with a different monthly premium based on the risk assumed by Archera. Premiums may also vary slightly based on instance type, region, etc.
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