IMMEDIATE mode indicates that a data set is charged for a day of occupancy each time it is encountered during a Billing Accumulate run. The maximum is once per day, but the data set need not exist for a full day before it starts accumulating charges.
The advantage of IMMEDIATE mode of processing is that any data set existing at the time of the billing run has charges accumulated for it, and there is no need to make a special run on the first day of a billing cycle to close out the prior cycle. The biggest disadvantage is that a data set can have existed only during the time the billing run is executed and will get a full day's charge against it. This technique also catches data sets scratched and recreated each day.
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