Penalty

Specifies the Penalty what happen when the time and number of payments and the amount or percentage of the penalty to add to the payment.

Element information

Content

• Sequence [1..1]
  from type IdentificationType
  ID [0..*]    Is the Identifiers of the given instance of an entity within the scope of the integration. The schemeAgencyID attribute identifies the party that provided or knows this party by the given identifier.
  IDSet [0..*]    
  from type PaymentTermABIEType
  Description [0..*]    
  EffectiveDateTime [0..1]    This is the DateTime the associated object is made effective
  DueDateTime [0..1]    The date and time that the production order is to be completed.
  PaymentBasisCode [0..1]    The date and time when the payment terms go into effect. Used in conjunction with NumberOfDays
  Duration [0..1]    Indicates the duration of time as represented by ISO 8601. Where the value space is a six dimensional space where the coordinates designate the Gregorian year, month, day, hour, minute, and second. The number of seconds can include decimal digits to arbitary pecision.
  DiscountPercent [0..1]    Indicates a percentage of discount that is available against a price
  SurchargePercent [0..1]    The penalty rate (percentage) charged for late payment.
  Amount [0..1]    The monetary value of the object in which the amount is associated
  from type PaymentTermBaseType
  ProxMonth [0..1]    The number of months beyond the Billing Date in which payment is due.
  ProxDayOfMonth [0..1]    The daywithin the ProxMonth beyond the Billing Date in which payment is due.
  1. Extension [0..1]    Allows the user of OAGIS to extend the specification in order to provide additional information that is not captured in OAGIS.This is done by defining the additional information in XML Schema and referencing the new schema in the xml instance document through the use of namespaces. Once this is done the additional information defined there can be carried in the BOD XML instance document.The Open Applications Group will make best efforts to quickly consider all proposed submissions.The Extension is always the last element in all components, except where the component has been extended inline.

Attributes

Used in

• Type PaymentBaseType
• Type PaymentType via extension of PaymentBaseType (Element Payment)

Sample instance

<Penalty>
   <ID/>
   <IDSet>
      <ID/>
   </IDSet>
   <Description/>
   <EffectiveDateTime></EffectiveDateTime>
   <DueDateTime></DueDateTime>
   <PaymentBasisCode>token</PaymentBasisCode>
   <Duration>P1Y2M3DT10H</Duration>
   <DiscountPercent>1.0</DiscountPercent>
   <SurchargePercent>1.0</SurchargePercent>
   <Amount/>
   <ProxMonth>1</ProxMonth>
   <ProxDayOfMonth>---31</ProxDayOfMonth>
   <Extension>
      <AnyExtension>
         <!--any element-->
      </AnyExtension>
      <Amount/>
      <Code/>
      <DateTime></DateTime>
      <ID/>
      <Indicator>true</Indicator>
      <Measure/>
      <Name/>
      <Number>1.0</Number>
      <Quantity/>
      <Text/>
      <Time></Time>
      <ValueText>string</ValueText>
   </Extension>
</Penalty>