Fixed-Term Deposit 
Fixed-Term Deposit
Trading with fixed-term deposits covers transactions with a fixed interest rate and an end of term arranged at the start. It includes the transaction types, fixed-term deposit investment and fixed-term deposit borrowing. If the authorized business partners and corresponding payment details are already defined in the standing instructions, the entries required are limited to entry of structure characteristics. The rollover and reversal functions are also supported.
You can define the standard interest calculation methods and underlying calendar once so that they are defaults.
Prerequisites
Before you can use the Money Market functions, you must maintain the master data. This includes:
Standing Instructions (correspondence, payment details), and releasing the business partners.
You also have to make the following settings in Customizing:
Product type (if you do not want to use the standard product types, you can define these individually). Based on the product types, financial transactions are created and managed, and positions are managed. Example of a product type in the Money Market area: Fixed-term deposit.
Transaction type. The financial transaction type determines the types of transactions that can be carried out with a certain product type and controls the transaction and position management process. Example: Investment or borrowing of fixed-term deposits.
Flow type. Flow types describe changes in the payment flows. Example: Nominal amount increase.
Condition type. This setting determines which structure characteristics are displayed when you create transactions. Example: Nominal interest rate.For more information, see the relevant section in the Implementation Guide (IMG).
You are now able to define money market transactions in the system.
Features
For more detailed information, see
Editing a Fixed-Term Deposit and Creating a Fixed-Term Deposit