Maintaining a Loan Item 

Use

When you maintain loan items, you enter concrete, customer-specific data and thus store an individual instance of the financial service quotation (FS quotation). Depending on the item category – mortgage loan or consumer loan – you can define different data and use different functions.

Prerequisites

●     You have created a financial service product (FS product) of the category Loan and transferred this product to a business transaction.

For more information, see Creating a Financial Service Product.

●     To define which conditions are required for the loan, you have made the settings for pricing in Customizing.

For more information, see the Implementation Guide (IMG) for Financial Services under Basic Functions ® Pricing.

For general information on pricing in SAP Customer Relationship Management (SAP CRM), see Maintaining Pricing in Business Transactions.

●     To define how the business partner makes payments for the loan, you have made the settings for the payment method in Customizing.

For more information, see the Implementation Guide (IMG) for Financial Services under Account Origination ® Financial Service Product (FS Product) ® Define Payment Methods.

●     You have made the Customizing settings for date management.

For more information, see the Implementation Guide (IMG) for Customer Relationship Management under Basic Functions ® Date Management.

●     To control which changes to transaction items result in changes to other items, you have define monitor profiles and execution profiles in Customizing.

For more information, see the Implementation Guide (IMG) for Financial Services under Basic Functions ® Cross-Item Functions ® Cross-Item Processing for Changes to Transaction.

Features

Loan data

When entering data for the loan item, note the following:

●     For information purposes, the FS quotation displays the loan data that you defined in the product master data and that you cannot change in the business transaction. In the standard system, this applies to the definitions for interest calculation and age limit of a product, for example.

●     In the FS quotation, you can define data for which you defined a selection of values in the product master data for the loan, for example settings for the payment structure or dates.

For more information, see Set Types for Financial Service Products and Set Types for Business Transactions.

●     To define the payment method for the loan item, you enter a business partner with a partner function type that is assigned to the Ship-to party/Service recipient function type.

This is necessary because the system only displays payment methods of the country that you defined for the business partner in the master data.

Conditions

When defining conditions for the loan item, note the following:

●     You can enter data for the condition types that you have defined in Customizing as standard settings for the loan.

●     You can also add condition types that you have defined in Customizing for the loan but have not flagged as standard settings.

●     The settings are elements of the calculation of the payment schedule.

Payment structure

You can change the settings for the payment structure that you defined in the master data of the FS product.

For more information, see Configuration of the Payment Structure.

Calculation of the payment schedule

When you have entered all the required data for the loan, you can trigger calculation of the payment schedule. The calculation is carried out in the connected Loan Management system.

For more information, see Calculating the Payment Schedule.

Actions

You can use the following functions, which – in the standard system – are integrated in the business transaction as actions, for example: 

●     Carry out rating for business partner

●     Update quotation

Activities

You maintain the loan item in the detailed area of the FS quotation.