Creating an Account Hierarchy for Interest Compensation
Use
You use this function to create a hierarchy of the account pool for interest compensation. You define the root account of the hierarchy first, and can later assign subordinate accounts to it.
Procedure
Choose
Account
→
Account Hierarchy
→
Create
.
Specify the bank area and account number of the root account for the account hierarchy.
A root account cannot refer to another account in an interest compensation hierarchy.
Enter the validity period.
Note on the validity period
Valid From
Date
If you have created the root account specifically for this purpose, the
Valid
From
date of the hierarchy must be the same as the opening date. In this respect, a new account is one that has not been balanced before, but postings are permitted.
If the root account has already existed for some time, the
Valid
From
date must be one date after the date of any of the future balancing runs. Also, the root account may not be balanced on the same date as the
Valid
From
date. This means that the date of the last balancing must be before the
Valid
From
date.
If you enter any other date, the system issues an error message.
You cannot change the balancing data for an account once it is used in a hierarchy, (even if the hierarchy becomes valid only after a few months). The balancing data includes the balancing date, key date, and time periods. This restriction is due to technical reasons, since the checks that the system makes regarding the suitability of the data only take place during the creation of a hierarchy. If you wish to change the balancing data, remove the account from the hierarchy, change it, and then insert the account back into the hierarchy.
Valid To
Date
If you do not enter a date, the system automatically enters12/31/9999in this field. This means that the hierarchy has an unlimited validity.
If you wish to enter the date, ensure that the
Valid
To
date corresponds to one of the future balancing dates of the root account.
If you enter any other date, the system issues an error message.
Enter the
Interest Compensation Method
as the
H
ierarchyT
ype
, and choose
Continue
.
The system displays the hierarchy tree, which initially comprises only the root account.
Assign (subordinate) accounts to this hierarchy tree by choosing
Hierarchy
→
Account
→
Create,
or
with the quick info text
Create
.
The system displays an overview where you can specify the accounts on the next hierarchy level. Specify the bank area and account number of the subordinate account for each line.
Subordinate accounts for interest compensation:
Note the following prerequisites for interest compensation subordinate accounts:
If the account was created after the
Valid
From
date of the hierarchy, the balancing date of this account must be the same as the next balancing date of the hierarchy.
If the account was created before the
Valid
From
date of the hierarchy, ensure that the balancing date +1 at some time corresponds to the
Valid
From
date of the hierarchy.
The next balancing date of the subordinate account isDecember 31, 2000, and the
Valid
From
date isFebruary 1, 2001. The subordinate account is balanced onJanuary 31, 2001. If you add a day, this results in the following date: February 1, 2001.This date corresponds to the
Valid
From
date, making it valid.
Once you have entered all the accounts of this hierarchy level, choose
Transfer
If you wish to assign other accounts to the hierarchy, position the cursor on the relevant account and repeat the steps from point 6. You can do this until the first account balancing for this hierarchy.
Save the hierarchy structure.
Result
You have successfully created an account hierarchy for interest compensation.