Class Position in Futures Account
Definition
To manage classes in a futures account, you have to define the class position in the futures account.
Prerequisites
To manage a position with margin calculation, you have to select Future style as the settlement category when you define product types in Customizing for futures. If you select Normal style the position is managed without margin calculation.
Here, you also have to define the exchange and the price type. In the case of a variation margin run, the settlement price is calculated using these entries.
Activities
Choose Master Data ® Listed Derivatives ® Class Position in Futures Account. Enter the company code, the ID number and the futures account.
For all open and close transactions the same
Account Assignment Reference is used for a class position in a futures account.
When you enter the transaction, you can also choose Environment ® Position Indicator to go to the class position in the futures account.