Hierarchy
⤷ CA-FIM-FMA (Application Component) Financial Mathematics
⤷ FIMA (Package) Financial mathematics
Basic Data
Data Element | VVSTGBASIS |
Short Description | Base Days Method |
Data Type
Category of Dictionary Type | D | Domain |
Type of Object Referenced | No Information | |
Domain / Name of Reference Type | VVSTGBASIS | |
Data Type | CHAR | Character String |
Length | 1 | |
Decimal Places | 0 | |
Output Length | 1 | |
Value Table |
Further Characteristics
Search Help: Name | ||
Search Help: Parameters | ||
Parameter ID | ||
Default Component name | ||
Change document | ||
No Input History | ||
Basic direction is set to LTR | ||
No BIDI Filtering |
Field Label
Length | Field Label | |
Short | 10 | Base Days |
Medium | 16 | Base Days Meth. |
Long | 20 | Base Days Method |
Heading | 3 | BDM |
Documentation
Definition
This is the denominator of an Interest Calculation Method used in Interest Calculation.
Use
The base day method determines how many days are in an interest year for the purpose on interest calculation.
The following base day methods are available:
- 360
A year has 360 days.
- 364
A year has 364 days (= 52 weeks with 7 days).
- 365
A year has 365 days.
- 366
A year has 366 days.
- 252
A year has 252 working days.
- actP
P stands for Period.
A year is the result of multiplying the actual number of days in a period with the number of periods in a year.
Example
The result for the half year period from 01/0172006 incl. to 07/01/2006 excl. is 362 Base days (181 Period days * 2). The result for the next period from 07/01/2006 incl. to 01/01/2007 excl. is 368 Base days (184 Period days * 2).
- actY
Y stands for Year.
This is a year with the actual number of calendar days, in a leap year this is 366 days in a non-leap year it is 365 days.
If the calculation period includes two calendar years, the second of which is leap year, the calculation is divided into two parts, x days / 365 + y days / 366.
Examples
- In the calculation period from 12/01/2003 to 01/09/2004 the outcome of the days quotient / Base Days is as follows:
- 31 / 365 + 8 / 366 = 39 / 365.20468246179729
- In intraday interest calculation the outcome for the period 12/01/2003 12:00:00 a.m.to 01/09/2004 01:01:01 a.m. (Days + Seconds / 86400) / Base Days is as follows:
- 31 / 365 + (8 + 3661 / 86400) / 366 = (39 + 3661 / 86400) / 365.20554374627278
- actE
E stands for European.
This is a year with 366 days only if the period includes February 29th, otherwise the year has 365 days.
You calculate all periods during the year with 366 days if the end of the period is in a leap year, otherwise you use 365 days.
Dependencies
You determine the number of base days in the function module FIMA_BASE_DAYS_OF_INTEREST.
Example
History
Last changed by/on | SAP | 20140802 |
SAP Release Created in |