An order item represents a specific element of an order, either **products** or services (for commercial orders) or a commitment (for transfer orders)

Depending on the order nature, the type of contributions and remunerations can vary, as follows:

• Commercial 🏷️ orders:
  • Contributions are products, which means any type of product, service, work, asset or other non-financial contribution.
  • Order items (i.e. products) are optional. If present:
    • The sum of all order items’ amounts must equal the total order amount,
    • Each order item can be linked to an existing product from the supplier’s directory, or can be a new product created on the fly.
    • Product name and price are required. Tax rate, unit and quantity are optional.
  • Remuneration can be invoice, salary, rent, royalties, or other types of payments made by the client (customer, employer, landlord) to the supplier (contractor, employee, tenant). Remuneration can also include rebates (discounts, refunds) paid by the supplier back to the client.
• Transfer ➡️ orders:
  • Contributions are existing commitments which are transferred from the seller (supplier) to the buyer (client). Commitments can be securities, receivables, or other financial instruments. When transferred, these commitments retain their original payor, but the client (buyer) becomes the new payee.
  • Order items (i.e. transferred commitments) are required. Each order item must:
    • be linked to an existing active commitment whose payee is the supplier (seller),
    • specify the percentage of the commitment being transferred, and the transfer price (which can be different from the commitment’s face value).
  • Remuneration is the payment made by the buyer (client) to the seller (supplier) for the transferred commitments. This remuneration can itself be split into multiple tranches, leading to multiple commitments.

Funding 💰 and Grant 🎁 orders do not have any order items, only a total order amount.