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Interest for bills receivable not paid yet are calculated according to the parameter MV_JURTIPOS, which determines whether interest is simple, compound or mixed, as follows:

• Simple Interest (Parameter MV_JURTIPOS = S)

• Compound Interest (Parameter MV_JURTIPOS = C)

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• Mixed Interest (Parameter MV_JURTIPOS = M)

This type of interest is the association of simple interest with the compound one:

Up to 30 days: Simple interest is calculated.

Above 30 days: Compound interest is calculated.

Note: When there is no interest percentage indicated in the bill, interest is calculated by delinquency fee, as follows:

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