Effective Interest Rate Calculation and Update 

Features

This function allows you to calculate the effective interest rate and have it updated in the database in the Money Market area. As a result, the effective interest rate is available for evaluation purposes in the reporting area.

Prerequisites

You must have defined an effective interest rate method in Customizing when defining the respective product type in order to be able to use this function.

Activities

  1. Choose Money market ® Tools ® Effective interest rate calculation and update.
  2. You can generate a list of financial transactions with an unknown effective interest rate or acccording to transaction numbers specified.
  3. You can also choose between a productive and test run.
  4. Choose Execute.
  5. A calculation log is displayed.