One charge is raised per recurring charge cycle. Each recurring charge cycle is made up of two components:
the duration of the recurring charge period. For example, days or months.
the number of recurring charge periods that are charged. For example, if the recurring
charge period is monthly and the recurring charge frequency is 2, then 2 monthly charges will
be raised at a time. If the recurring charge period is weekly and the recurring charge
frequency is 6, a charge will be raised every 6 weeks.
If the charge is raised in advance then the number of periods into the future it is charged is also
specified.
The following example shows a charge that is raised every 2 fixed-month periods, billed in
advance.
Figure: Example of a fixed-month period charge invoiced, in advance, every 2 months in advance
