Tradable invoice

Dear all



As promised I’m hereby sending my first draft/strawman for the tradable invoice / bill of exchange document, prior to Wednesday’s meeting:



ID
Issue date
Transaction type  - provides information about the type of transaction (i.e. factored invoice, discounted invoice, bill of exchange, …)
Invoice document reference -
  reference to the original invoice associated with this document
Invoice authorization reference -
  reference to the authorization or approval sustaining the validity of the original invoice document
Acceptance date -
  date when customer/debtor party accepted the liability of the debt/invoice
Credit note reference -
  reference to an associated credit note (may be several credit notes)

Purchase order reference -
  reference to a purchase order associated with the transaction
Contract document reference -
  reference to an associated contract
Waybill reference -
  reference to an associated waybill
Delivery date -
  date when goods or services were delivered
Classification or description of goods or services -
  needed to establish conditions for invoice financing
Supplier party
Customer or debtor party
Factor party -
  party that finances the invoice (the creditor) - How to handle secondary transactions?
Total invoice amount -
  total amount of original invoice minus any associated credit notes
Total tax amounts
Withholding tax total
Total prepaid amount
Total amount payable -
  total invoice amount + total taxes - withholding taxes - prepaid amounts
Approved net amount -
  total amount approved by customer/debtor party or by factor
Pending amount -
  total pending amount in case installments are made before the invoice is traded
Approved due date -
  date when debt matures, as approved by customer/debtor or factor
Installment/payment date -
  date when a payment or installment is agreed to be made (0..n)
Installment/payment amount -
  amount agreed to be paid at the above installment/payment date (0..n)
Note -
  any additional observations



Best regards,



Kenneth