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Object documentationEarly Withdrawal

 

This Account Management (FS-AM) order enables you to trigger the withdrawal of a time deposit before the due date of the time deposit agreement. For more information, see Time Deposits.

If a customer requests an early withdrawal of a time deposit, you can charge an early withdrawal penalty and an administration charge. You can also waive the calculation of both of these charges. For more information, see Calculations for Early Withdrawal.

To execute an early withdrawal, the system calculates and posts the early withdrawal penalty and the administration charge automatically and in one step. You can also pay the net withdrawal amount to the customer in cash, transfer it to a customer account, or leave it on the time deposit account. You can specify whether the system is to generate correspondence automatically to notify the customer about the details of the early withdrawal.

Note Note

In an early withdrawal that has not yet been executed, you can simulate and display the data by choosing Calculate.

End of the note.

For each time deposit agreement, you can create one or more early partial withdrawals and one full withdrawal:

  • Partial early withdrawal

    A partial early withdrawal is when a customer withdraws part of the time deposit before the maturity date of the time deposit agreement. The customer has the following options:

    • Net withdrawal amount

      The customer would like to receive a certain amount. The system deducts the early withdrawal penalty and the administration charge from the remaining balance of the time deposit account.

    • Gross withdrawal amount

      The customer wants to leave a certain amount on the time deposit account. The customer would like to withdraw the remaining amount (= gross withdrawal amount). The system deducts the early withdrawal penalty and the administration charge from the gross withdrawal amount.

  • Full early withdrawal

    A full early withdrawal is when a customer withdraws all of the time deposit before the maturity date of the time deposit agreement. The system calculates the early withdrawal amount using the value date of the valid balance. The system includes the credit interest incurred and info items up to this time. You can specify whether the account is to be closed when the customer makes a full withdrawal.

    If there is a full withdrawal, the system can calculate capital yield tax as part of settlement.

    If you execute full withdrawal, the system settles the corresponding time deposit agreement thus changing its status to Settled.

You can execute early withdrawal immediately by activation. You can also schedule one or more withdrawals for the future, before the maturity date of the time deposit agreement. In this case, you need to use report Execute Due Early Withdrawal to execute the activated early withdrawals. The system executes all early withdrawals automatically on the execution date if their execution date is on or before the current posting date for end-of-day processing.

If you execute the withdrawal when the time deposit account is in the grace period, the system selects the Waive Administration Charge and Waive Early Withdrawal Penalty checkboxes automatically. The system does not calculate or post an early withdrawal penalty or administration charge.

Note Note

Note that the system always selects the checkboxes during the execution. For a partial early withdrawal, the system does this during the activation.

You define the grace period in the Customizing activity Create Account Product or Change Account Product in the product attribute Time Deposit Grace Period (Days).

End of the note.

If you wish to execute a withdrawal without disbursing it, you must select the No Disbursement checkbox.

Note Note

When you execute the early withdrawal, the system does not disburse the withdrawal amount to the customer on the execution date or value date. In this way, you can charge the customer with the early withdrawal penalty and the administration charge without disbursing the withdrawal amount.

If you also want to set the execution date of the early withdrawal on the end of term of the time deposit agreement, in the Customizing activity Change Message Control for Early Withdrawal, you must define the system behavior in such a way that the system displays a warning message rather than an error message in this case. When you carry out the withdrawal, the system does not disburse the withdrawal amount on the due date, but does levy the charges.

End of the note.

You can archive early withdrawals with the archiving object ORDER_EWD Early Withdrawal. For more information, see Archiving Object: Early Withdrawal (FS-AM-OM-AC-EWD).

Structure

The structure description of the early withdrawal function comprises attributes, methods, and customer enhancements. For more information, see Order Management.

Attributes

  • Attributes of Order Management

  • Withdrawal category

  • Execution date

  • Value date

  • Value date derived

  • Gross withdrawal amount

  • Net withdrawal amount

  • Administration charge

  • Early withdrawal penalty

  • Currency

  • Waive administration charge

  • Waive early withdrawal penalty

  • No disbursement

  • Create correspondence

  • Immediate execution

  • Origin

  • Notice reason

Methods

In Account Management (FS-AM), you can use the following channels to process objects:

  • Dialog

    Use transaction BCA_OR_EWD. For more information, see Early Withdrawal of Time Deposits.

  • RFCs

    • BCA_MAP_OR_EWD_ACTIVATE_RFC (Activate an Early Withdrawal Order)

    • BCA_MAP_OR_EWD_CHANGE_RFC (Change an Early Withdrawal Order)

    • BCA_MAP_OR_EWD_CREA_ACTIV_RFC (Create Order)

    • BCA_MAP_OR_EWD_CREA_ENTER_RFC (Create Order)

    • BCA_MAP_OR_EWD_DEACTIVATE_RFC (Deactivate an Early Withdrawal Order)

    • BCA_MAP_OR_EWD_DELETE_RFC (Delete an Early Withdrawal Order)

    • BCA_MAP_OR_EWD_EXECUTE_RFC (Execute an Early Withdrawal Order)

    • BCA_MAP_OR_EWD_GETOR_BY_AC_RFC (Search for Orders for Account)

    • BCA_MAP_OR_EWD_GET_DETAIL_RFC (Read Early Withdrawal Order Data)

    • BCA_MAP_OR_EWD_SIMULATE_RFC (Execute an Early Withdrawal Order)

Customer Enhancements

The Business Add-Ins (BAdIs) that you can use for early withdrawal are in Customizing for Account Management (FS-AM). Choose Start of the navigation path Order Management Next navigation step Account Order Next navigation step Early Withdrawal (Time Deposit) Next navigation step Business Add-Ins (BAdIs) End of the navigation path.

Integration

When the system processes early withdrawals, the corresponding release object and authorization objects control the program flow.

The system calls the following Account Management (FS-AM) objects for processing:

Objects Checked by the System

The system checks the account and displays messages accordingly if one or more of the following requirements have not been met:

  • The execution date is before the maturity date of the time deposit.

    Note Note

    If you have set that the system behavior intended by SAP, meaning an error message, is overwritten in the Customizing activityChange Message Control for Early Withdrawal, the execution date can be the same as the due date of the time deposit. In this case, the system only displays a warning message.

    End of the note.

  • If you select the Immediate Execution checkbox, the execution date is today's date.

    Note Note

    If the execution date is before today's date, the system adjusts the execution date automatically to today's date.

    End of the note.

    If you do not select the Immediate Execution checkbox, the execution date is either on or after today's date.

    Note Note

    You can execute an early withdrawal for a date in the past by using the Execution Date and Value Date fields. If, for example, the system has already executed end-of-day processing, you can still create and execute an early withdrawal retroactively.

    End of the note.

  • You have defined payment details in the early withdrawal.

  • In an early withdrawal, the available amount is less than the time deposit amount.

  • To create a withdrawal with a particular execution date, there is no additional withdrawal for the time deposit account that has the same execution date.

  • To create a full withdrawal, there are no active prenotes for the time deposit account.

  • The account contract status is Active, Used

  • The account is not In Release.

  • The account has the feature 0033 Early Withdrawal, the traffic light symbol is green and this feature is not locked.

    For more information, see Editing Features.

  • The time deposit agreement status is Fixed.

  • The fields defined as required entry fields in the product have been filled.

  • The user has the following authorization:

    • Authorization to create, delete, activate, execute, or deactivate the withdrawal order

      Note Note

      If you are using RFCs, the user either has this authorization or authorization for the requested activity such as Display or Change for the early withdrawal. This depends on the import parameter.

      End of the note.

    • Authorization for this organization

If there are more withdrawals for the same time deposit account that are in the future, the system issues a warning when you create a partial withdrawal.

Objects Changed by the System

When you execute the order, the system changes the status of a time deposit agreement if you make a full withdrawal.

Objects Generated by the System

  • During a full withdrawal with account closure, the system generates and activates an account closure order.

  • The system generates a payment order.

  • The system executes settlement for a full withdrawal.

  • Change document

    The system generates a change document that meets auditing requirements.

  • Work Item

    The system generates a work item for the release process, if required on the basis of the Customizing settings. For more information, see Release Object: OR_EWD (Early Withdrawal).

  • The system can create correspondence for the Execution operation.