Depending on the capture date, the first installment will have exactly the same features as an immediate payment or a deferred payment.
By default, the upcoming installments have the To be validated and authorized status as long as the first installment has not been validated by the merchant. The successful execution of the installments is not guaranteed to the merchant. The buyer’s bank may reject the authorization request.
Validation of the first installment implies that all the other installments will be validated as well. However, canceling an installment does not cancel the upcoming installments.