<p>Copyright TM Forum 2006-2008<br/></p><p><br/></p><p><b>Extended Description</b><br/></p><p><br/></p><p>Rating & Discounting processes assure appropriate rating and discounting of event records based on prices.  Prices for products are established through mechanisms such as contracts, tariffs, service agreements or price lists.  <br/></p><p><br/></p><p>Rating and discounting may occur in real-time, near real-time, or may be executed on a periodic basis.  These processes will also support pre-paid and post-paid pricing arrangements.<br/></p>