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Background documentation Payment Period for Bills of Exchange  Locate the document in its SAP Library structure

Every bill of exchange is due for payment on a certain date. It must be paid by the drawee on this date. The bill goes for protest if this does not occur. The bill is then to be paid by one of the persons party to the bill of exchange. The period during which the bill can be protested must be defined in the system.

The bill of exchange receivable and the bill of exchange liability can only be canceled once this protest period has elapsed. The system calculates the point at which cancellation can take place from the protest period, thus preventing premature cancellation of the bill of exchange liability.

The periods for the bill of exchange protest are specified per country in Customizing. The system determines the valid period depending on the country of the drawee.