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| 1 |
| Reference date |
| Payment terms related to reference date. |
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| 2 |
| Before reference |
| Payment terms related to time before reference date. |
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| 3 |
| After reference |
| Payment terms related to time after reference date. |
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| 6 |
| End of month containing the reference date |
| Payment terms are at the end of the month containing the reference date. |
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| 7 |
| End of the month following the month of reference date |
| Payment terms are at the end of the month following the month of reference date. |
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| 16 |
| Whichever is first, the 15th or last day of the month following the payment terms period |
| The payment terms are at, whichever is first, the 15th or the last day of the month following the payment terms period (payment terms period = period of time between the reference date and the theoretical due date). |
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