SAP ABAP IMG Activity PBS_AU_TIM_LP_060 (Specify Nominal Bond Rate)
Hierarchy
☛ SAP_HRCAU (Software Component) Sub component SAP_HRCAU of SAP_HR
   ⤷ PY-AU-PS (Application Component) Public Sector
     ⤷ P13CP1 (Package) HR-AU-PS: Customizing for Public Sector Australia
IMG Activity
ID PBS_AU_TIM_LP_060 Specify Nominal Bond Rate  
Transaction Code     (empty) 
Created on 20001103    
Customizing Attributes PBS_AU_TIM_LP_060   Specify Nominal Bond Rate 
Customizing Activity PBS_AU_TIM_LP_060   Specify Nominal Bond Rate 
Document
Document Class SIMG   Hypertext: Object Class - Class to which a document belongs.
Document Name PBS_AU_TIM_LP_060    

The bond rate is the current net discount. It takes into account the interest accumulated on a liability by the time employees reach the age when they can take long service leave. The bond rate is calculated to the power of the number of years to liability, and it reduces the liability. It is based on the national government security rate.

Example

Requirements

Standard settings

The standard system provides the following values for the bond rate:

  • Value 8.78 for Nominal Bond Rate Year 1 (payroll constant BND01)
  • Value 8.78 for Nominal Bond Rate Year 2 (payroll constant BND02)
  • Value 8.72 for Nominal Bond Rate Year 3 (payroll constant BND03)
  • Value 8.60 for Nominal Bond Rate Year 4 (payroll constant BND04)
  • Value 8.42 for Nominal Bond Rate Year 5 (payroll constant BND05)
  • Value 8.23 for Nominal Bond Rate Year 6 (payroll constant BND06)
  • Value 8.05 for Nominal Bond Rate Year 7 (payroll constant BND07)
  • Value 7.85 for Nominal Bond Rate Year 8 (payroll constant BND08)
  • Value 7.70 for Nominal Bond Rate Year 9 (payroll constant BND09)
  • Value 7.60 for Nominal Bond Rate Year 10 (payroll constant BND10)
  • Value 0.00 for Nominal Bond Rate Year 10+ (payroll constant BND11)

Recommendation

Activities

  • Carry out activity for each nominal bond rate.
  • Adjust Start Date.
  • Specify Value.

Further notes

Business Attributes
ASAP Roadmap ID 204   Establish Functions and Processes 
Mandatory / Optional 1   Mandatory activity 
Critical / Non-Critical 2   Non-critical 
Country-Dependency I   Valid for countries specified 
Customizing Attributes Country Key Country Name
PBS_AU_TIM_LP_060 AU Australia
Assigned Application Components
Documentation Object Class Documentation Object Name Current line number Application Component Application Component Name
SIMG PBS_AU_TIM_LP_060 0 I510000023 Public Sector 
Maintenance Objects
Maintenance object type C   Customizing Object 
Assigned objects
Customizing Object Object Type Transaction Code Sub-object Do not Summarize Skip Subset Dialog Box Description for multiple selections
VV_511K_B_BND01_AL0 V - View SM30 Specify Nominal Bond Rate Year 1 
VV_511K_B_BND02_AL0 V - View SM30 Specify Nominal Bond Rate Year 2 
VV_511K_B_BND03_AL0 V - View SM30 Specify Nominal Bond Rate Year 3 
VV_511K_B_BND04_AL0 V - View SM30 Specify Nominal Bond Rate Year 4 
VV_511K_B_BND05_AL0 V - View SM30 Specify Nominal Bond Rate Year 5 
VV_511K_B_BND06_AL0 V - View SM30 Specify Nominal Bond Rate Year 6 
VV_511K_B_BND07_AL0 V - View SM30 Specify Nominal Bond Rate Year 7 
VV_511K_B_BND08_AL0 V - View SM30 Specify Nominal Bond Rate Year 8 
VV_511K_B_BND09_AL0 V - View SM30 Specify Nominal Bond Rate Year 9 
VV_511K_B_BND10_AL0 V - View SM30 Specify Nominal Bond Rate Year 10 
VV_511K_B_BND11_AL0 V - View SM30 Specify Nominal Bond Rate Year 11 
History
Last changed by/on SAP  20001103 
SAP Release Created in 462A