Current Time 

&TIME&

The current time is printed in the form hours:minutes:seconds. Each of the components for hours, minutes, and seconds consists of two digits, using a leading zero if necessary. You can adapt this format to your own requirements by specifying a time mask (SET TIME MASK).

The value for the time field is taken from the SY-UZEIT field. This value can be copied over only at particular times (c.f. DATE ).