Object documentationFutures Account

 

A futures account is a management unit that allows you to manage your positions. You need this type of account for listed options and futures, since these require position management.

The futures accounts created in the system usually correspond to actual futures accounts.

 

  • If you want to buy a listed option or a future, you need to have created them in the system as a class (transaction FWZZ), as well as having created a futures account (transaction TPM4).

    Note Note

    Before you can set up a futures account, you need to create the bank at which you keep your futures account as a business partner in the role of depository bank.

    End of the note.

    When you enter the purchase in the system, you select the class and the futures account.

  • Two report programs are available in the back office area for listed derivatives: Futures Account Cash Flow and Position in Futures Account. For more information on margin calculation, see the "Master Data" area by choosing Class Position in the Futures Account.

Structure

A futures account is identified by the company code and the futures account ID for which you can also enter a name.

The master data of a futures account is stored in the following tab pages:

  • Bank Data

    Here, you specify at which depository bank, with which external clearing account, and on which broker account the positions for the futures account are managed. You also specify the relevant house bank details and the business area. If you have portfolios, you assign the futures account to the portfolios in this tab page.

  • Additional Data

    You make the entries in all fields on this tab page, which allow you to enter additional information about the futures accounts. There are a total of 12 fields of differing length. You define the field pairs for the short, medium, and long attributes in the application menu under Start of the navigation path Derivatives Next navigation step Master Data Next navigation step Listed Derivatives Next navigation step Settings for Additional Data Tab Page in Futures Account Master Data End of the navigation path, and you define the other two fields in Customizing for the Transaction Manager under Start of the navigation path Listed Derivatives Next navigation step Master Data Next navigation step Futures Account Management Next navigation step Settings for Additional Data Tab Page End of the navigation path. For the fields, you enter the names that are to appear beside the fields in the tab page, and you also enter the values that can be selected for each field using input help.

  • User Data

Integration

  • For more information, see the relevant section in the Implementation Guide under Start of the navigation path Listed Derivatives Next navigation step Position Management Next navigation step Futures Account Management End of the navigation path.