SECTION 1 -

Customer
commission
providers an amount equal to the face value minus its commission).
Commission invoiced to customers of New Services (companies, associations and communities),
including a variable component defined as a percentage of the issue volume
Float Net working capital requirements, structurally negative, which is broken down as follows:
Affiliated service
provider
Acceptance
network
154
Inventory
Trade receivables
Other receivables
and accruals
Working capital
items ‐ assets
Trade payables
Other payables
Prepaid services
vouchers in
circulation
Working capital
items ‐ liabilities
FLOAT
Commercial party/merchant that accepts the vouchers of the issue as a payment method. The
affiliation is framed by a contract.
Network of affiliated service providers who accept the vouchers issued by the issuer as a method of
payment. There are three types of acceptance networks: filtered, open, closed.
Entry rate Ratio between the number of beneficiaries of a service voucher and the active eligible population,
the latter depending on each country’s regulations
Face value (Notion
specific to
employee benefits)
Amount of the payment voucher, determined at the employer’s discretion, but influenced by the
limits imposed by the States on the financial contribution of employers in order to be eligible for
exemptions from tax and/or social security liabilities.