Transaction Currency Changeover: Cleanup

Transaction Currency Changeover: Cleanup

Purpose

· You may need to clean up more complex financial transactions (derivatives) manually. For example, you may need to assign a new reference interest rate to the transaction.

· You need to edit listed underlying transactions (stocks and bonds) manually when they are exercised. You can do this when you create the exercise transaction.

· Interest rates, calculation methods and transaction conditions are not changed by the conversion program and may need to be adjusted manually.

For interest rate transactions for which you carried out an interest-rate adjustment before the changeover, you create a new condition effective from the next interest rate fixing date.

To adjust for any rounding differences, run the valuation report RFTBBE01.

Reversibility

No function to reset the transaction currency changeover is planned.

If you convert a transaction by mistake, you need to reverse the transaction and enter it again under a new transaction number.
You must also reverse any posted flows manually. (In the application menu, choose Accounting ® Posting ® Reverse manually).
You can copy the data from the original (inactive) transaction.

Special items for gains and losses resulting from fixed euro rates

The system posts gains and losses resulting from the changeover to the euro to the accounts for realized gains and losses.

If you opt to create special items for these gains and losses, you need to do this manually in FI.

You also need to write back the special items manually.

Check: Conversion complete?

The system creates a log (error list) automatically. You should print this log out, since it cannot be displayed again once you have exited the program.

You can check if the conversion was complete by comparing the log to the journal for financial transactions.

You can also use the collective processing function for references. The reference category used in the conversion is EUR.

At the end of the dual currency phase, you need to ensure that all the transactions have been changed over to the euro. You can check this using the journal for financial transactions and the maturity lists in the forex area.