SAP ABAP Data Element VVSTGMETH (Daily Method)
Hierarchy
☛ SAP_ABA (Software Component) Cross-Application Component
   ⤷ CA-FIM-FMA (Application Component) Financial Mathematics
     ⤷ FIMA (Package) Financial mathematics
Basic Data
Data Element VVSTGMETH
Short Description Daily Method  
Data Type
Category of Dictionary Type D   Domain
Type of Object Referenced     No Information
Domain / Name of Reference Type VVSTGMETH    
Data Type NUMC   Character string with only digits 
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 Daily Meth 
Medium 15 Daily Method 
Long 20 Daily Method 
Heading 3 DCM 
Documentation

Definition

This is the counter of an interest calculation method that is used in interest calculation.

Use

The day method determines how the days are to be counted for which interest is to be calculated between two dates and times on the Gregorian calendar.

The following day methods are available:

  • act

    The system determines the actual number of days between two dates/times of day. In the Intraday interest calculation, the system calculates days and seconds.

  • actW

    This method is used in South America.

    The system determines the number of working day for an interest calendar between two points in time. One day is usually counted for the time from Friday to Monday.

  • 360E

    This method is used, for example, on the European Market.

    The following forumla determines the number of days between the time periods D1/M1/J1 and D2/M2/J2. J1 and J2 stand for the year, M1 and M2 for the month, and D1 and D2 for the day.

(J2 - J1) * 360 + (M2 - M1) * 30 + (D2 - D1)

The following conditions are valid for using the formula:

  • If D1 = 31, the system resets D1 to 30.
  • If D2 = 31, the system resets D2 to 30.

    Examples

  • 31.01.2006 Incl. to 28.02.2006 excl. = 28 days.
  • 28.02.2006 Incl. to 31.03.2006 excl. = 32 days.
  • 31.01.2006 Incl. to 31.03.2006 excl. = 60 days.
  • 01.03.2006 Incl. to 31.03.2006 excl. = 29 days.

  • 360 (German)

    This method is used in Switzerland and other countries.

    The following forumla determines the number of days between the time periods D1/M1/J1 and D2/M2/J2. J1 and J2 stand for the year, M1 and M2 for the month, and D1 and D2 for the day.

(J2 - J1) * 360 + (M2 - M1) * 30 + (D2 - D1)

The following conditions are valid for using the formula:

  • If D1 = 31, the system resets D1 to 30.
  • If D2 = 31, the system resets D2 to 30.
  • If D1 is the last day of February, the systems resets D1 to 30.
  • If D2 is the last day of February, the systems resets D2 to 30.

    Examples

  • 31.01.2006 Incl. to 28.02.2006 excl. = 30 days.
  • 28.02.2006 Incl. to 31.03.2006 excl. = 30 days.
  • 31.01.2006 Incl. to 31.03.2006 excl. = 60 days.
  • 01.03.2006 Incl. to 31.03.2006 excl. = 29 days.

  • 360 ISDA

    This method is used primarily in the USA. The abbreviation ISDA stands for International Swaps and Derivatives Association.

    The following forumla determines the number of days between the time periods D1/M1/J1 and D2/M2/J2. J1 and J2 stand for the year, M1 and M2 for the month, and D1 and D2 for the day.

(J2 - J1) * 360 + (M2 - M1) * 30 + (D2 - D1)

The following conditions are valid for using the formula:

  • If D1 = 31, the system resets D1 to 30.
  • If D2 = 31, the system only sets D2 to 30 if D1 = 30 or D1 = 31.

    Examples

  • 31.01.2006 Incl. to 28.02.2006 excl. = 28 days.
  • 28.02.2006 Incl. to 31.03.2006 excl. = 33 days.
  • 31.01.2006 Incl. to 31.03.2006 excl. = 60 days.
  • 01.03.2006 Incl. to 31.03.2006 excl. = 30 days.

  • 360

    The following forumla determines the number of days between the time periods D1/M1/J1 and D2/M2/J2. J1 and J2 stand for the year, M1 and M2 for the month, and D1 and D2 for the day.

(J2 - J1) * 360 + (M2 - M1) * 30 + (D2 - D1)

The following conditions are valid for using the formula:

The system calculates the month as having 30 days and the 31st of each month is ignored for interest calculation purposes.

Examples

  • 31.01.2006 Incl. to 28.02.2006 excl. = 27 days.
  • 28.02.2006 Incl. to 31.03.2006 excl. = 33 days.
  • 31.01.2006 Incl. to 31.03.2006 excl. = 60 days.
  • 01.03.2006 Incl. to 31.03.2006 excl. = 30 days.

  • 365

    The system calculates the actual number of calendar days between two dates, without including 02/29 in a leap year. As a result, each year is taken to have 365 days.

  • m+act

    This method is used in China.

    The interval between two points in time D1/M1/Ý1 and D2/M2/Y2 is measured in whole months and remaining days. Y1 and Y2 represent the year, M1 and M2 represent the month, and D1 and D2 represent the day. The system calculates months with 30 days and then adds the remaining days.

    To determine the number of whole months, the maximum number of months that fit into the time period are added to the date D1/M1/Y1. The number of days remaining between the last day of the last whole month and the date D2/M2/Y2 is determined by using daily method act.

    The number of days determined only differs from the method m+30 if the end of the period of remaining days is after the last day of February or the 31st of a month.

    Examples

    • 15.06.2004 Incl. to 02.08.2004 excl. = 48 days.
      • (1 month and 18 remaining days). The remaining days are the calendar days between 15.07.2004 incl. and 02.08.2004 excl.).
    • 29.01.2004 Incl. to 29.02.2004 excl. = 30 days (1 month).
    • 30.01.2004 Incl. to 29.02.2004 excl. = 30 days (1 month).
    • 31.01.2004 Incl. to 29.02.2004 excl. = 30 days (1 month).
    • 28.02.2003 Incl. to 29.02.2004 excl. = 361 days.
      • (12 months and 1 remaining day). The remaining days are the calendar days between 28.02.2004 incl. and 29.02.2004 excl.).
    • 29.02.2004 Incl. to 28.02.2005 excl. = 360 days (12 months).
    • 28.02.2003 Incl. to 28.02.2005 excl. = 720 days (24 months).
    • 28.02.2003 Incl. to 01.03.2003 excl. = 1 day.
      • (0 months and 1 remaining day). The remaining days are the calendar days between 28.02.2003 incl. and 01.03.2003 excl.).
    • 29.02.2004 Incl. to 29.03.2004 excl. = 30 days (1 month).
    • 29.02.2004 Incl. to 01.04.2004 excl. = 33 days.
      • (1 month and 3 remaining days). The remaining days are the calendar days between 29.03.2004 incl. and 01.04.2004 excl.).
  • m+30

    This method is used in China.

    The interval between two points in time D1/M1/Ý1 and D2/M2/Y2 is measured in whole months and remaining days. Y1 and Y2 represent the year, M1 and M2 represent the month, and D1 and D2 represent the day. The system calculates months with 30 days and then adds the remaining days.

    To determine the number of whole months, the maximum number of months that fit into the time period are added to the date D1/M1/Y1. The number of days remaining between the last day of the last whole month and the date D2/M2/Y2 is determined by using daily method 30 (ISDA).

    The number of days determined only differs from the method m+act if the end of the period of remaining days is after the last day of February or the 31st of a month.

    Examples

    • 15.06.2004 Incl. to 02.08.2004 excl. = 47 days.
      • (1 month and 17 remaining days). The remaining days are the days calculated according to method 360 ISDA between 15.07.2004 incl. and 02.08.2004 excl.)
    • 29.01.2004 Incl. to 29.02.2004 excl. = 30 days (1 month).
    • 30.01.2004 Incl. to 29.02.2004 excl. = 30 days (1 month).
    • 31.01.2004 Incl. to 29.02.2004 excl. = 30 days (1 month).
    • 28.02.2003 Incl. to 29.02.2004 excl. = 361 days.
      • (12 months and 1 remaining day). The remaining days are the days calculated according to method 360 ISDA between 28.02.2004 incl. and 29.02.2004 excl.)
    • 29.02.2004 Incl. to 28.02.2005 excl. = 360 days (12 months).
    • 28.02.2003 Incl. to 28.02.2005 excl. = 720 days (24 months).
    • 28.02.2003 Incl. to 01.03.2003 excl. = 3 days.
      • (0 months and 3 remaining days). The remaining days are the days calculated according to method 360 ISDA between 28.02.2003 incl. and 01.03.2003 excl.)
    • 29.02.2004 Incl. to 29.03.2004 excl. = 30 days (1 month).
    • 29.02.2004 Incl. to 01.04.2004 excl. = 32 days.
      • (1 month and 2 remaining days). The remaining days are the days calculated according to method 360 ISDA between 29.03.20
History
Last changed by/on SAP  20110908 
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