VaR Timeline

1
VaR Timeline

• March 2007

2
VAR Time Line
End of Month
Start of Month
Com paid 24th of month
Com issued 13th of month
Rec issued 26th of month
Rec invoice paid 5th of month
Cap paid 20th of month
Cap issued 6th of month
VAR Rec 15 days of Av (Cap Com /- Rec /-ad
hoc /- .)
VAR Cap 15 days of Av (Cap Com /- Rec
/-ad hoc /- .)
VAR Cap Com 15 days of Av (Cap Com /- Rec
/-ad hoc /- .)
VAR Com 15 days of Av (Cap Com /- Rec /-ad
hoc /- .)
VAR 15 days of Av (Cap Com /- Rec /- ad hoc
/- )
3

• How is the .REC invoice accommodated
• Large ad hoc invoices