Basic Data - Money
Market
The trading area contains the key functions for entering and changing transaction data. To map transactions in the system efficiently, you first have to enter the following basic data:
Initial data:
Company code
When you enter the company code, you determine which division within your group is acting as the contracting party for the transaction.
Product type
The product type indicates which specialization of the product category is involved in the current transaction.
You define product types when you configure the system.
Examples of product
types:
|
Product type |
Product category |
Name |
|
51A |
510 |
Fixed-term deposits |
|
54A |
540 |
Cash flow transactions |
|
etc. |
|
|
Depending on which product type you enter, the SAP R/3 System calls up a different entry screen. The entry screens are described below.
Transaction Type
Transaction types define which specialization of the transaction category, investment or borrowing, is involved in the current transaction. You define the permitted transaction types when you configure the system.
Business partner
You specify the opposite side of a transaction when you enter a business partner (see Business Partner).
Transaction
If you have specified external number assignment, you enter the key that uniquely identifies a financial transaction within a company code in the Transaction field in the External number assignment area.
Otherwise, the system assigns a number automatically.
Basic data:
Amount
This is where you enter the amount of the transaction. The nominal amount is used as a basis for calculating the interest. In Customizing, you can define your own special characters or other alphabetic values as an abbreviation for thousands or millions. You can use the following input help:
|
m |
for millions |
|
t |
for thousands |
Fixing
This field defaults to -2, i.e. the settlement date minus the number of days indicated here is used to determine the interest rate fixing.
Calendar
Here, you can enter up to two calendar IDs. The calendar ID defines the various forms of calendar that are used to determine the interest rate fixing date. You define the calendar IDs as part of system configuration.
Term
Here you enter the Start of term and the End of term of the transaction. The SAP R/3 System automatically shows the CPU date as a default. You can enter the ‘+’ for the number of days and ‘++’ for the number of months.
+2 means that the start of the term is today + two days.
Monthly frequency
This field indicates the interval in months between the first due date and the next due date (settlement period).
1st Due date: May 01, YYYY
Frequency: 06
In this case, the 2nd due date is 11/01/YY, the 3rd due date is 05/01/YY+1.
Interest rate
The percentage rate applied to calculate the interest yield on the amount invested or the interest payment for the amount borrowed. This entry is vital, since it is used to calculate the interest.
Variable interest rate
Enter the reference interest rate here. Generally, it is a money market rate that is used as the basis for the interest rate. In the field +/-, you can enter a markup or markdown on the interest rate.
Interest calculation method
You specify in this field which interest calculation method is to be used. The F1 help provides definitions of each method. (You can choose from standard interest calculation methods such as act/360, 360/360, act/365, act/366, 365/360, and so on. You can also choose whether you want the interest for the year to be calculated for 360, 365 or 366 days).
If the start of term is earlier than the CPU date, you must backdate the contract date.
1st Due Date
You enter the first due date for payment (interest payment) agreed with the counterparty in this field.
Reference interest rate
You enter the reference interest rate here. The 6 Month LIBOR, for example. You can define your own reference interest rates during system configuration.
