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Define Transaction Types

In this section, you define your transaction types and assign these to the product types. You also define the important technical aspects of managing a transaction using the product types you have defined.

Requirements

Activities

1. Use the New Entries function to create a new transaction type.
2. Select a product type for which you want to define a transaction type. (Do not enter a long name since it is copied automatically from the product type).
3. Enter a short key (three-character alphanumeric field) as the name of the transaction type.
4. Enter the long name for your transaction type.
5. Assign a transaction category to the transaction type. You can use transaction categories 100 (purchase) and 200 (sale) for each product category in the securities area.
6. Assign a number range interval to the transaction type for the transactions and a number range for the underlying.
7. Assign your transaction type to a processing category. The processing category determines which activity categories are intended for a transaction type and reflects the individual steps you must perform for a transaction. You can choose between the following two processing categories:
A transaction can pass through different activity categories depending on which processing category you choose.
8. If you set the Automatic posting release indicator, you can post the transaction flows generated without explicitly releasing them.
If you do not set this indicator, you must release a transaction before you can post it.