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Define Time-Dependent Terms

In this IMG activity, you store the interest rates or interest references for the key fields "Interest indicator", "Currency" and "Amount as of". This is also possible for amount-dependent interest.

You must store interest rates for credit and debit interest.

You must define amount-dependent interest references or interest rates both per movement type and per "From date". The interest references/interest rates stored per movement type (for example, credit interest or debit interest account balance interest calculation) and per "From date" determine the interest references valid as of this point in time and their grading based on amount.

You can also store an interest rate independently of a reference interest rate.

Note

All data which was stored before this point in time, is considered to be no longer valid after this point.

Consequently, when you make a change to the individual rates, you must always maintain all the appropriate rates for this movement type, this interest indicator, and this currency in the field "From date".

Remember to ensure that the "Valid from" date remains at the date you changed over to the euro. You must do this to be able to continue to use the entries from the time before the changeover.

Activities

1. Per interest calculation indicator, currency, and "From date", define:
To store an interest rate independently of a reference interest rate, do not make an entry in the "Reference interest rate" field and enter a positive value in the "Surcharge" field.
2. Also enter, if necessary, amount-dependent interest references/interest rates per movement type and "From date ".

Further Notes

Using Business volume -> Interest the Accounting Implementation Guide you define