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Procedure documentationWithdrawing Time Deposits Early

 

You can carry out the following steps for the early withdrawal of a time deposit:

  • Create

  • Delete

  • Activate

  • Deactivate

  • Calculate

Prerequisites

  • In transaction PFCG, you have defined authorization objects F_BOEW_FCT, F_BOEW_ACT and F_BOEW_ORG for early withdrawal and generated the profiles.

  • You have processed the relevant activities in Customizing for Account Management (FS-AM): For more information, see the Customizing Settings for Early Withdrawal.

  • On the SAP Easy Access screen, under Start of the navigation path Financial Services Next navigation step Account Management Next navigation step Current Settings End of the navigation path, you have defined the required data. For more information, see Current Settings for Early Withdrawal.

Note Note

The system uses BDT Customizing for early withdrawal. On the SAP Easy Access screen, choose Start of the navigation path Financial Services Next navigation step Account Management Next navigation step Tools Next navigation step BDT Customizing Next navigation step Early Withdrawal (Time Deposit) (Dialog Only) End of the navigation path.

End of the note.

Procedure

From the SAP Easy Access screen, choose Start of the navigation path Financial Services Next navigation step Account Management Next navigation step Account Next navigation step Time Deposit (Special Functions) Next navigation step Withdraw Time Deposit Early End of the navigation path.

On the initial screen you can choose the following functions:

Create Order

  1. Choose Create or Show New Creation Area. Enter the data for creating an order. When you save the order, the system automatically creates an order number.

  2. On the Early Withdrawal tab page in the Account area, the system displays the bank account details of the time deposit account.

    • Withdrawal category

      In the Early Withdrawal area, you use the withdrawal category to specify whether the system creates a partial or a full withdrawal:

      • Partial early withdrawal

        Use the Withdrawal Category to select the net withdrawal amount or the gross withdrawal amount.

      • Full early withdrawal

        Use the Withdrawal Category to specify whether the system is to close the account for the full withdrawal. You cannot enter any values in the Gross Withdrawal Amount or Net Withdrawal Amount fields.

    • Execution date

      Specify an execution date on which the system executes and posts the early withdrawal. To execute an immediate withdrawal, select the Immediate Execution checkbox. The execution date must be the same as today's date. To schedule the withdrawal for a later time, do not select the Immediate Execution checkbox. The execution date must on or after today's date.

    • Value date

      Specify a value date on which the system executes the early withdrawal, and makes a value date-based posting of it.

      If you select the Value Date Derived from Execution Date checkbox, the system derives the value date from the execution date automatically.

    • Administration Charge and Early Withdrawal Penalty

      The system automatically calculates administration charge and early withdrawal penalty using the corresponding condition type in the contract. The system displays this data for your information.

      Note Note

      If you use your won BAdI implementation of the BAdI: Calculation of the Early Withdrawal Penalty the system can calculate the early withdrawal penalty in a different way.

      End of the note.

      You can waive both the charges by selecting the Waive Administration Charge and Waive Early Withdrawal Penalty checkboxes.

    • No disbursement

      If you select the checkbox, the system does not pay the withdrawal amount to the customer, meaning the amount remains on the time deposit account. However, this does not affect the calculation of the early withdrawal penalty or the administration charge.

    • Origin

      You can differentiate the calculation of the condition type Administration Charge according to origin.

      Note Note

      In the Customizing activity Define Order Origin, you define the origin such as Branch or Online.

      End of the note.

    • Correspondence

      If you select the Create Correspondence checkbox, the system generates the corresponding correspondence automatically when you execute the early withdrawal, using correspondence type BA65.

  3. On the Payment Advice tab page, you specify how the system is to disburse the net withdrawal amount to the customer:

    • Choose Create Payment Advice.

    • Select a process result type.

    • The percentage of the amount is predefined as 100%. The system transfers the total net withdrawal amount to the counterparty.

    • In the Credit group box, you define the Payment Advice Type. You use this to control whether the system disburses the net withdrawal amount to the customer in cash (by using an internal cash account at the bank), or transfers it directly to a customer account. Select a counterparty that you defined with the Create Counterparty button.

      Note Note

      In Customizing for Account Management (FS-AM) under Start of the navigation path Product Management Next navigation step Payment Advice End of the navigation path, you need to execute the Customizing activities.

      End of the note.

  4. Choose Save to create the order. The order now has the status Entered.

Deleting Orders

  1. Enter the order number on the initial screen to process an order. Choose Change.

  2. Choose Delete.

    You can only delete orders with status Entered.

  3. The system sets the status of the order to the final status Deleted. You can no longer process the order.

Activating an order

  1. Enter the order number on the initial screen to process an order. Choose Change.

  2. Choose Activate.

    • Immediate execution

      If you selected the Immediate Execution checkbox, the system executes the withdrawal immediately when you activate it. The system sets the status of the withdrawal to Executed.

    • Later execution

      If you did not select the Immediate Execution checkbox, the system does not execute the withdrawal immediately when you activate it. The system sets the status of the withdrawal to Activated. You do not execute an activated withdrawal until you run the report Execute Due Early Withdrawal.

      On the SAP Easy Access screen, under Start of the navigation path Financial Services Next navigation step Account Management Next navigation step Periodic Tasks Next navigation step Time Deposit Next navigation step Execute Due Early Withdrawals End of the navigation path, you can execute one or more early withdrawals. The report includes all the activated withdrawals whose execution date is on or before the execution date of the report. When you execute the report, the system adjusts the execution date of the selected withdrawals to the execution date of the report.

      Note Note

      Ensure that you schedule the report in end-of-day processing.

      End of the note.

      On the SAP Easy Access screen, under Start of the navigation path Financial Services Next navigation step Account Management Next navigation step Logs Next navigation step Time Deposit Next navigation step Application Log - Execute Due Early Withdrawals End of the navigation path, you display the log.

Deactivating an order

To remove an activated order from mass processing, deactivate the order. You can only delete orders whose status is Activated.

  1. Enter the order number on the initial screen to process an order. Choose Change.

  2. Choose Deactivate.

  3. The system sets the status of the early withdrawal to Deactivated. You can no longer process the order.

Calculate order

  1. Enter the order number on the initial screen to process an order. Choose Change.

  2. Choose Calculate.

    You can calculate and display the data in an early withdrawal that has not been executed. The system does not update the database with the calculated data.

More Information

For more information, see: