Category: (6) eTOM Process Type
Process Identifier: 1.6.12.1.7.3.2
Original Process Identifier:
Maturity Level: 3
Netting is the process that calculates the balance of money owed and earned from two partners.
Netting is perform after the settlement is completed (agreed by) for a Provider/Carrier. The netting is done for multiple settlement period for the multiple services. Two netting methods exists i) After and ii) Before. for i) Netting of Operator's Interconnecting cost after subtracting amounts between operator and Provider/Carrier (Netto) for ii) Netting of Operator's Interconnecting cost without any subtracting of the amount between operator and Provider/Carrier (Brutto). Netting is an established process and has financial origins where larger parties/banks/institutions/countries rather revert to equalize I owe U, you owe me in bulk rather than counting / considering microscopic individual transactions.
This was created from the Frameworx 16.0 Model