Modifying Interest Rates

It may be necessary to update the interest rates defined under the interest indicator before running the interest calculation report. Interest rates can be defined in various ways, such as the following:

You can enter a fixed interest rate for each interest indicator and currency, and for one validity date

You can enter an amount-dependent interest rate for each interest indicator and currency, and for one validity date

You can use reference interest rates. To do this, enter a key for the interest indicator under which the relevant rates are stored. You can also enter the reference interest rate dependent on a validity date.

To change a fixed interest rate or enter a different reference rate, proceed as follows from the Accounting Configuration menu:

Select Business volume Interest calculation Time-dependent cond.
Select the interest indicator you require for the interest calculation run by double-clicking on it.
Reference interest

If you want to use another interest rate as a reference, enter it in this field. This reference rate must be defined in the system already. To define a reference rate, go to the General Ledger IMG and select Define reference interest rates. You can find more information on system configuration in Configuring the System Using the Implementation Guide

Surcharge

If you want to use a fixed interest rate, enter it in this field. You can, however, use both a fixed rate and a reference rate. In this case, the surcharge is added to the reference rate during the interest calculation run.

Amount from

If you want the choice of rate to be dependent on the amount
involved, enter that amount here.
Save your entries by selecting Table view Save .