# Payment Rule Terms

**Payment Rule Basis:** Settlement basis where it is T or delivery, or trade date, or simply a prepayment. \
Restrictions on number of days forward or back it can be based on, and calendar days and business days supported.

#### **Supported Rules:**

1. T + \<X> where T is settlement date; where X can be up to 180
2. On the \<X>th business day of next month
3. On or after \<X>th day of next month
4. On the \<X>th business day of the month following contract month
5. On or after \<X>th day of the month following the contract month
6. Trade date  + \<X>; where X can be up to 180
7. Delivery date  + \<X>; where X can be up to 180
8. Prepayment based on 100% of value can be rule based on T + \<X> where T is settlement date, Delivery date  + \<X> or Trade date  + \<X>; limitation of minus 180

#### **Coming Soon:**

9. On or before \<X>th day of next month


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