What are Guaranteed Commitments?

Archera Guaranteed Commitments: Including Guaranteed Reserved Instances (GRIs), Guaranteed Committed Use Discounts (GCUDs) and Guaranteed Savings Plans (GSPs) are normal 1 or 3-year AWS, Google Cloud or Azure, Reserved Instances, Committed Use Discounts or Savings Plans where Archera guarantees to cover the cost of any losses due to overcommitment at any point after a configurable term length. This guarantee is delivered through either the resale of the commitment or rebating of its un-utilized costs

Guaranteed Commitment term lengths can be as short as 30 days, and as long as a year. Archera Guaranteed Commitment have a premium associated with them that is reflected in the net savings rate of each Guaranteed Commitment. Longer term lengths have higher net savings rates.