Statement
The Rising Tide monthly settlement process, the statement layout, the holdback release timeline, and invoicing and payment.
You receive one statement per settlement period. It is broken down by model, and every line can be recomputed from the formula in Rules. This page explains how the statement is produced, what it looks like and when the money arrives.
Monthly settlement
The settlement period is the calendar month. The process has eight fixed steps in a fixed order:
| Step | What happens | When |
|---|---|---|
| 1 Freeze | Usage for the period and the price versions in force are frozen | Third day of the next month |
| 2 Aggregate | Usage revenue and upstream cost are summed per (customer, model) | After the freeze |
| 3 Band | The split is set from your total consumed revenue for the period (once tiers are enabled) | Same |
| 4 Pool | Pool, floor and share are computed per (customer, model) | Same |
| 5 Exclude | Related-party transactions are zeroed | Same |
| 6 Reverse | Refunds in the period are reversed against the original consumption period; a negative net carries forward | Same |
| 7 Hold | 10% is held back and scheduled for release after 90 days | Same |
| 8 Lock | The run is locked and the statement issued | By the fifth day of the next month |
Once issued, a statement is locked and is not recomputed for later price changes; disputes are handled by an adjustment recorded in the next period.
Statement layout
The body of the statement is a single table broken down by model. Below is Case 3 from Earnings examples in statement form:
| Model | Usage revenue | Upstream cost | Loss provision | Pool | Floor | Band | Partner | Praxis |
|---|---|---|---|---|---|---|---|---|
| A | 2,000.00 | 1,880.00 | 60.00 | 60.00 | 100.00 | Thin | 60.00 | 0.00 |
| B | 5,000.00 | 4,000.00 | 150.00 | 850.00 | 250.00 | Thick | 425.00 | 425.00 |
| C | 1,500.00 | 1,335.00 | 45.00 | 120.00 | 75.00 | Middle | 75.00 | 45.00 |
| D | 500.00 | 520.00 | 15.00 | −35.00 | 25.00 | Negative | 0.00 | −35.00 |
| Total | 9,000.00 | 7,735.00 | 270.00 | 995.00 | 560.00 | 435.00 |
Four summary lines follow the table:
| Summary | Amount |
|---|---|
| Share for the period | 560.00 |
| Reversals and adjustments from prior periods | 0.00 |
| Holdback this period (10%) | −56.00 |
| Prior holdback released | 0.00 |
| Payable this period | 504.00 |
With several customers, the statement has one section per customer, each with its model table, followed by a total across all customers. A CSV with the same column headings accompanies every statement.
Holdback release timeline
Holdbacks roll period by period. Taking January's usage as the example:
| Date | What happens |
|---|---|
| 3 February | January usage is frozen, the January statement is issued, 56 is held back |
| During February | January's payable of 504 is paid |
| 3 May | January's holdback of 56 is released with the first statement issued after 90 days and added to the April statement's payable |
At any moment roughly three periods of holdback are in transit. A refund before the release is deducted from the holdback; a refund after it is reversed against the current share, and a negative net carries forward.
Invoicing and payment
- You invoice Praxis for the payable amount on the statement; the share is tax-inclusive, and taxes follow the regulations of each party's jurisdiction.
- Settlement is in US dollars; Praxis pays within 15 working days of receiving a compliant invoice; the payment method is agreed in the intermediary agreement.
- A payable below 100 dollars is carried forward and paid together with the next period.
- Disputes are raised within 15 days of issue; after that the statement is deemed confirmed, and adjustments are recorded in the next period.
- A statement lists only the models your own customers used; the upstream costs and pools in it are covered by the confidentiality clause of the intermediary agreement and may not be disclosed to third parties.
Every number on the statement traces to a rule. What remains are usually situational questions, which are in FAQ.
Governance
The eleven governance clauses of Rising Tide, each with its text, a plain reading and its reason: attribution, parameter-change protection, holdback and recovery, basis, related parties and compliance, discount ownership, price changes, negative pools, ownership exclusion, identity matching, self-purchase.
FAQ
The ten questions partners ask most: what if the customer goes direct, does the customer know about the share, can I mark up, why negative pools pay nothing, how refunds work, can the parameters change overnight, plus three cautionary cases from the industry.