Information Broadcaster: What is Predefined Timepoint? and Timepoint Job?

Hi,
I am using Information Broadcaster. We have some process chains to schedule broadcaster. But before this there 2 jobs.
1. Timepoint job
2. Execution of broadcaster settings.
Can anybody tell me what is the significance of Timepoint job? What is predefined time point, timepoint ID?
All these things are new to me, please inform me all the details about it. If you have any documentation, please provide.
Also please tell me how precalculation is done for workbooks?  what is the functionality of Precalculation?
Please answer in detail.
Thanks in advance.
BMW.

My BW version is 7.0?
I didnt get how its the Predefined Timepoint job is dependent on the BW version.
Can anybody tell me what is the significance of the Timepoint Job?
Thanks.
Harshal

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