Creating a Deposit at Notice 

Prerequisites

See Deposits at Notice and Processing Deposits at Notice.

Procedure

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       1.      Choose Create.

       2.      Enter the Company code, Product type, Transaction type and the Business partner.

       3.      You can make the following entries in the Specifications area:

¡        Currency: If you do not specify a currency when you create a financial transaction, the system automatically uses the currency of the company code.

¡        Master agreement: You can use a master agreement to define general arrangements.

¡        Portfolio: If you want to assign the transaction to a portfolio, enter this portfolio in the corresponding field.

¡        Alternatively, you can enter the portfolio and master agreement on the Administration tab in the Position Assignment section.

       4.      If you work with external number assignment, you have to enter a key for the transaction in the corresponding field, which enables it to be uniquely identified within a company code. Otherwise, the system assigns a number automatically and displays this number when you save the transaction.

       5.      Choose Enter to go to the basic data screen for the transaction. On the Structure tab page, you enter the actual transaction data of the purchase or sale.

       6.      Enter the Structure Data such as the Amount, Term, Interest structure (Percentage rate, Interest calculation method, Frequency) and the Contract data. For more detailed information on this, see Basic Data. In addition to entering the amounts and structural characteristics, you also enter the notice period and the interest payment date and frequency.

       7.      Save the transaction .

       8.      You can also branch to the entry screens for the general transaction management functions. To do this, you use tab pages.

For more information, refer to Tab Pages sapurl_link_0007_0010_0015.

       9.      To use additional functions, choose Extras sapurl_link_0012_0009_0012 and Environment sapurl_link_0012_0010_0012 from the menu.

   10.      See also Condition Details sapurl_link_0001_0005_0016.

   11.      For information on creating mirror transactions, see Mirror Transactions sapurl_link_0008_0017_0017.

Comments:

·        Since the end of term for a deposit at notice is not known until notice is given on it, the Cash Flow can only be generated for deposits at notice for a period of time that can be set up in Customizing. Beyond this period of time, the cash flow must be updated periodically for deposits at notice on which notice has not been given.

·        For deposits at notice, you can enter the main flow on the rollover date as well as other Principal increases and reductions during the term in order to map repayment schedules, for example.

·        You can create a Money Market transaction directly as a contract. A transaction becomes legally binding with the activity category Contract.

·        The activity sequence is dependent on the processing category that is chosen in Customizing (with/without settlement).

·        Within transaction management you can branch from each application to the Business Partner management functions to create, display and change business partners and maintain their payment details.

·        Each activity within transaction management (such as contract and processing) can be analyzed in Cash Management.