Fiduciary Deposits 
In this function, you can calculate the net present value (NPV) of Fiduciary Deposit deals.
Note
This function is available with the business function TRM, New Instruments, Accounting Enhancements, Reporting (FIN_TRM_LR_FI_AN_3).
Features
To perform the calculations needed to determine the fair value of the deposit, the collateral and the swap agreement are treated separately. Later on, their separate valuations are totaled.
Collateral:
Collateral bonds are priced at market value whenever each of them is liquid enough to have a representative public quotation.
For any illiquid positions, it is necessary to use a valuation model that takes into account not only market conditions but also credit risk. Most of the illiquid assets have a plain vanilla cash flow pattern or, at most, one of the commonly used fixed income embedded derivatives (cap, floor, put, or call features).
Swap Agreement:
The valuation method used for this instrument is just cash flow discounting of both legs (the one that represents liabilities and the one that represents the collateral flows) using the Euro – CMS flat curve, and this way not quantifying any credit risk at all.
Activities
To calculate the NPV of a fiduciary deposit deal, proceed as follows:
Create a fiduciary deposit transaction. See Fiduciary Deposit.
Open
Treasury and Risk Management 
Accounting Analyzer Tools Maintain Financial Object 
.Fill all required fields:
Enter the company code.
Select Derivatives/Money Market/Forex/Listed Transaction/Security Trans..
Enter the transaction number of the fiduciary deposit created.
Choose Change.
Choose
Treasury and Risk Management Market Risk Analyzer Information System Mark-to-Market JBRX – NPV Analysis Enter the following:
Evaluation currency
Evaluation type
Horizon
Evaluation date (preceding the fiduciary end date)
Transaction number and characteristics in the Characteristics tab.
Choose Execute.