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Procedure documentationEditing Intraday Interest Calculation

 

You use intraday interest calculation to include different interest rates that are valid within a day in interest calculation.

Prerequisites

If you use the function for intraday interest calculation, you must provide balances that have a time as well as a date.

Procedure

  1. In the Value Date group box on the Calculation tab page, you enter the value for the determination category for value date time.

    • If you enter No Value Date Time Determination, the system does not determine the value date time.

    • If you enter Fixed Value Date Time, enter an explicit time in the Value Date Time field to which the system sets all corresponding postings.

    • If you enter Next Date, the system determines the value date time for a credit memo or debit memo based on the Customizing settings for the application. In the application, you can define certain balance determination times for each balance date type for which balance formation and therefore interest calculation are to take place. On the basis of the value date time or the system time, the system reads the next possible date according to the balance date type specified in the condition in Customizing. The systems sets this date as the value date time.

    • If you enter Shift of Value Date Time, enter a fixed number of seconds in the Number of Seconds field. The system adds this number of seconds to the specified value date time or to the system time, thereby shifting the value date time. The number of seconds can be lesser than or equal to 86400 seconds (one day). You can shift into the future (with the plus sign) or into the past (with the minus sign).

Example

The following example describes the value date time in intraday interest calculation:

The value date time is equal to the posting date, for example, 03/14/2004. You want to shift the value date time 2 hours in the future.

You enter the value Shift of Value Date Time for the determination category for value date time. Enter 7200 seconds in the Number of Seconds field.

At 22:00:00 the end-of-day processing run shift the posting date to the next day (03/15/2004). The value date is still 03/14/2004. At 22:30:00 (system time), the system posts a payment item. The vale date time shifted to 00:30:00 (22:30:00 plus two hours). The value date changes to 03/15/2004.

More Information

For more information, see Intraday Interest Calculation.