Figure P.01a - Party and related Business Entities

A Party may possess one or many PartyAccounts through PartyRoles. <br/>An Account is an arrangement that a Party has with an enterprise (such as a communication service provider) through which the enterprise collects charges to structure bills. <br/>It also collects payments for Products that are supplied by the enterprise to the Party. The charges are invoiced to the Account via bills.<br/>A PartyRole might be evaluated for its worthiness (PartyCreditProfile) and this evaluation might be based on external information (PartyCreditProfileReference). Note: This part is still preliminary and might evolve.<br/>The AccountContact qualifies for an Account a contact point (PartyRole and ContactMedium) such as primary, secondary, and emergency contact.<br/>