In total, there are four financial component types: recurring, ramp-up and ramp-down, secondary, underpayment and overpayment. A summary of their attributes is provided in the following table:
| Financial Component Type | Cover Period | Effective Date | Amount |
|---|---|---|---|
| Recurring | Any number of occurrences based on the delivery frequency. For example, if the delivery frequency is weekly, and there are four occurrences, then the cover period will span the four weeks. | Each effective date will match an occurrence date. | The amount is based on the objective tag which is closest to the delivery pattern frequency. For example, if there are two objective tags, daily and weekly, and the delivery pattern is monthly, the weekly objective tag will be used to determine the amount for recurring financial components. |
| Ramp-up and Ramp-down | Cover period will be a portion of the delivery frequency. | The effective date is based on the delivery pattern. For example, if weekly in advance on a Friday, the due date will either be a Friday within the cover period or the Friday before it. | The amount is based on the objective tag smaller than the delivery pattern frequency, e.g. a daily objective tag. |
| Secondary | The cover period matches its primary financial component. | The effective date matches its primary financial component. | The amount is either fixed or else based on a percentage of the primary financial component (see the Cúram Deductions Guide). |
| Over/Under Payment | The cover period matches the reassessment period | The effective date is the date on which the over or under payment was created. | This is the amount determined by reassessment processing. |