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The payment schedule defines the dates at which payments are made by one party to another on for example an invoice. It can be either customised or parameterised.
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The payment schedule defines the dates at which payments are made by one party to another on for example an invoice. It can be either customised or parameterised.
The schedule is generated based on a set of rules and market conventions to define the frequencies of the payments.
These parameters include:
The schedule consists of a series of dates that define exactly when payments will be made.
The payment schedule can also be linked to achievement or fulfillment of certain predefined tasks or events or even stages against which payments are required to be made by one party to another
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