---
title: "Credit Grace"
canonical: "https://kb.myframeworks.com.au/space/PROSTIXV48DOC/31097593/Credit%20Grace"
format: markdown
---
This facility allows for the delay between the payment due date and the actual receipting of the monies (grace days). To take the guesswork out of nominating a credit grace amount, extend the credit limit by a proportion based upon the limit: For example, Grace = (Credit Limit / trading terms) * Grace days = (2000 / 30) * 5 = 333 For example, an account has a credit limit of $2000. The current balance in ProStix is $1975. The customer wishes to make a purchase for $50. If the customer has a credit grace amount of $333 defined against the account, the transaction will be allowed to proceed without the necessary intervention of a Credit Officer to authorise the amount.