Subsequent (End-of-Period Rebate) Settlement: Conversion of Rebate Arrangement Currency 

Description

In the case of a general currency conversion with fixed exchange rates (e.g. changeover to the euro), it is possible to change the rebate arrangement currency even during the validity period of the arrangement.

The following conversion procedures are possible:

    1. Conversion of rebate arrangement currency at any desired point in time (e.g. at a time desired by the vendor). After the currency changeover, all settlements are effected in the new currency only. Scale and condition bases remain in the old currency. In the background, the system continues to work with the old rebate arrangement currency.
    2. Conversion of rebate arrangement currency at time of extension of arrangement (longer-term arrangement: calendar assigned) or at time of creation using the referencing technique. The cumulative updating of the rebate income and provisions for accrued income is carried out for the extended arrangement in the new currency. At the same time, the currencies of the condition records can be changed.

The system issues explicit warning messages if rebate arrangements containing EMU currencies that are still to be converted (i.e. currencies with fixed exchange rates) are processed.

Change system parameters in customizing

For more information, refer to the IMG
Subsequent (End-of-Period Rebate) Settlement