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Procedure documentationEditing the Event Interest Group Box

 

In the Event Interest group box on the Calculation tab page, you edit the fields for a condition that belong to amount category 105080 Event Interest.

You can define a fixed or variable percentage in this group box.

Depending on the settings you make in certain fields, different screens are available when you edit event interest.

Note Note

The dependency of these fields is described in the documentation for amount category 105080 Event Interest.

End of the note.

Procedure

You can make the following settings:

Define basic data for event interest

  1. In the Condition Form field, you can enter the use for the condition.

  2. You can enter a payment currency that differs from the condition currency.

    For more information about the dependencies of currencies in conditions, see Currencies in Conditions.

  3. Enter an interest calculation method.

    If you have chosen the value actW / 252 in the Interest Calculation Method field, enter an interest calendar.

    For more information, see Interest Calculation Method.

  4. Use the Rounding Category and Rounding Unit fields to control how the system rounds the resulting amounts for interest reimbursement.

    For more information, see Rounding Numerical Values.

  5. You can choose a time unit for the interest rate.

    You use this to define which time unit is used to interpret an interest rate, for example, annual, quarterly, or monthly.

  6. In the Interest Calculation field, enter whether you want to use linear or exponential interest calculation.

    If you enter the value Exponential, specify an interest settlement frequency.

    For more information, see Interest Calculation.

  7. Enter a percentage or an interest reference.

  8. Specify a trivial amount below which the condition is set to zero.

    This trivial amount always relates to the specified payment currency. If a payment currency has not been defined, the trivial amount relates to the condition currency.

Result

You have defined an event interest condition.

Example

If you want to use the event interest to map interest compensation when a SEPA direct debit is returned, you must make the following field settings:

Interest Reference = EONIA

Interest Calculation Method = act/360

On the Adjustment tab page, enter Periodic in the Frequency Category field in the Adjustment Date data group and set the First Adjustment Date to the First of the month.

The Determination also has the Frequency Category Periodic on a monthly basis on the first of the month with the working day shift Next Working Day and a corresponding calendar.

More Information

Amount Category 105080 - Event Interest

Editing the Calculation Tab Page