Editing Financial Conditions 

Use

On the Financial Conditions tab page, you can enter individual conditions for the contract of a specific customer, which are independent of the standard conditions defined.

You can enter individual conditions (special conditions) when creating a contract, or at a later time.

For information on the screen layout in condition editing, see Editing Conditions under Scope of Functions.

Prerequisites

·        In the Customizing for your application, you have processed all the relevant IMG activities for the financial conditions.

·        In Customizing, you have set up the product of the contract such that individual conditions can be created.

·        You are in contract creation or contract editing.

Procedure

Individual conditions

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       1.      Choose the Financial Conditions tab page in the contract editing of your application.

       2.      In the Condition Groups group box, the system displays a table of all the condition groups in the contract. If the contract does not have any standard conditions then this table is empty.

In Account Management (FS-AM) in the group box Condition Overview, the system displays all the effective conditions of a condition group for a validity period if you choose Display Condition Overview next to the required condition group. The standard conditions and any existing individual conditions are displayed.

       3.      To create an individual condition, choose Select Detail Condition from the Condition Group group box in the line of the condition group to be edited, or double-click on the relevant line.

The system displays the Create Conditions or Edit Conditions screen. You are in the entry screen for condition editing, which is the same as for individual conditions and standard conditions.

       4.      Complete the following steps as described under Editing Conditions

       5.      Save the individual condition by choosing Transfer.

       6.      Save the contract.

An individual condition overwrites a standard condition. If you restrict the time period for individual conditions, the standard conditions apply again after expiry of the validity period. For more information, see Individual Conditions under the section Integration.

Result

You have defined or edited an individual condition for a particular contract.

Example

The standard debit interest is to be 10.50%p.a. for a checking account. The interest rate is to be valid from 02/01/2002. There is no scheduled time limit. The account currency is USD.

Condition description	Debit interest for checking account
Currency	USD
Valid from	01.02.2002
Interest calculation method	act / 360
Percentage rate	10,5

The debit interest for Peter Brown is to differ. Peter Brown is a customer with a very good credit standing, and is to have a debit interest rate of only 9%p.a.

Condition description	Debit interest for Peter Brown
Currency	USD
Valid from	01.03.2002
Interest calculation method	act / 360
Percentage rate	9,0