Variable Standing Order
Use
This function allows you to transfer amounts that are dependent on the account balance to other accounts. You can use this function to offer your customers variable savings and investment plans.
You can use a business transaction event (BTE 00012000) to change the standing order amount again when the standing order is executed.
Prerequisites
Transaction Type Settings
You have enabled the creation of standing orders for the required transaction types in Customizing for
Bank Customer Accounts
(BCA). Define transaction type settings by choosing
Account Management
Basic Functions for Account Management
Maintain Transaction Types.
An example transaction type (0157 standing order - variable amount) is provided.
Release Procedure
You can define the release procedure for variable standing orders in Customizing for BCA by choosing
Account Management
Release
Release Standing Orders With Variable Amount
.
Activities
Choose
Account Management
Standing Order
Create.
For variable standing orders, note the following values:
Base Amount
The amount (in transaction currency) that is to remain on the account when the standing order is executed.
Percentage Amount
Percentage rate showing how much of the amount remaining on the account after deduction of the base amount is to be posted.
Minimum Transfer Amount
If an amount is less than the minimum transfer amount it is not posted. The minimum transfer amount must either be a positive amount or zero.
Rounding Off Point
Points for rounding off the posting amount.
Decisive for the calculation is the account balance on the key date, which you must specify in the time periods for the standing order.
The amount actually transferred by a standing order is calculated by the following formula:
Amount = (account balance - base amount) x execution percentage (- rounding off)
Example
Account balance = EUR1,100
Base amount = EUR100
Execution percentage = 50%
Amount actually posted = EUR500