Use

You valuate the futures balance sheet account and the variation margin balance sheet account with the execute valuation function. You can reverse using the reverse valuation function.

Rate gains/losses are posted or created in accordance with the settings for creating derived business transactions either with the post and fix or the update function. Both of these transactions can be found in the Derived Business Transactions area.

Prerequisites

You must make the following settings in Customizing:

Define a one-step price valuation procedure and a foreign currency valuation procedure. Choose Variation Margin as the component for valuation in the foreign currency valuation procedure.

Define a position management procedure which contains the previously defined valuation procedure. In addition, under Liability/Asset Position the system proposes Manage Assets and Liabilities Balance Sheet Account.

Update types must be redefined for the key date valuation and entered under One-step: Separate balance sheet accounts .

You will also need to enter update types for the foreign currency valuation of the variation margin under Foreign currency valuation .

You must then define relevant update types for futures under Rate gains/losses for derived business transactions.

Account determination is adjusted for all new update types. Account symbols for the asset and liabilities balance sheet account need to be defined as well as posting specifications for postings.

You can now create, valuate and resell futures positions. For the key date valuation and the closing (also partial closing) of open business transactions, flows are created and if necessary posted according to Customizing settings.

For more information, see the implementation guide (IMG) and Account Determination for Valuating Futures .

For general information about futures, see Listed Derivatives/Futures.