The payment and discount terms would be entered as follows:
Prompt Pay Terms: Enter the code associated with the payment or discount terms specified in the obligating document, or click on the lookup feature to display, and select an option from, a list of valid entries; standard prompt pay terms are Net 30 (code 01).
Disc Rate: Enter the discount rate in the format 00.00, where 2.00 would represent a two percent discount offered; prompt pay terms entered must specify that a discount is available (Codes 03–07); leave field blank if no discount is specified.
Days: Enter the number of days FEMA has to take the discount, if applicable; leave blank if no discount is offered.
Net: Enter the number of days FEMA has to pay the vendor, if the discount is lost, if a discount applies.
For example, if a vendor offers a discount of 2%, 10, n30, the Disc Rate entry is 2.00, the Days entry is 10, and the Net entry is 30.
