Hypertext: Object Class - Class to which a document belongs.
Document Name
FDCS01
Use
In this Customizing activity, you specify derivative contract specifications (DCS). A DCS represents a specific contract specification of an exchange or market. It is a blueprint containing rules and conditions that are agreed upon at the exchange and that form the contract basis for trading with a specific commodity or for a specific financial instrument. All data that are required for the DCS definition are mainly provided on the websites of the respective exchanges and markets.
The DCS is the entry point to record market data. The derivative is identified by a specific keydate (representing a settlement date or last trading date) so that the relevant prices can be stored in the market data table. Based on an index (quotation), the DCS is also used to specify floating prices in Logistics, as well as to define financial instruments.
Requirements
Standard settings
Activities
Example
A DCS allows the automatic determination of futures that are issued, last traded or settled. Futures, for example, that are daily issued need not to be entered on a daily basis.