Euro Changeover - SAP Documentation

Purpose

This section describes how you can depict the currency changeover to the European uniform currency with the help of the current account system.

This system supports you during the dual currency phase with the changeover of the account currency and with the processing of payment orders in different currencies. The changeover of the account currency to Euro can only be performed for accounts in one of the participating currencies.

Definition of terms:

In the following explanations the following terms apply:

Account currency:

The currency in which an account is managed. Postings are always made in account currency.
Reporting account currency:

During the dual currency phase, for every account managed in one of the participating currencies, there is, in addition to the actual account currency, a reporting account currency purely for information purposes. All turnovers are shown both in the account currency and in the reporting account currency.
Participating currency:

A currency taking part in the changeover process to Euro.
Transaction currency:

The transaction currency is the currency in which cash flows from one account to another.

Integration

The “Euro changeover” part of the current account system serves to:

Change over the currency of accounts from a participating currency to Euro.
Process payment transactions during the dual currency phase in Euro and in participating currencies.
Display the turnovers, items and balances during the dual currency phase.

The system supports currency changeover for the following:
Standing orders
Forward orders
Planned items
Direct debit orders
Prenotes
Holds
All accounts including amount notices and fixed term deposits

Scope of functions

During the dual currency phase, the following dependencies between the account currency and the reporting account currency apply:

Original currency of the account	Account currency	Reporting account currency
Non-participating currency, e.g. US $	US dollars	Not supported
Participating currency, e.g. German Marks	DM	Euro
Participating currency, e.g. German Marks	Euro	DM
New opening in Euro	Euro	The bank area currency applies If the bank area is a participating currency, this applies. If the bank area currency is Euro, the bank area currency before the changeover applies.