SAP ABAP Data Element /BA1/F4_DTE_MD_BID_MID_ASK (Bid/Middle/Ask Indicator)
Hierarchy
☛ SAP_BS_FND (Software Component) SAP Business Suite Foundation
   ⤷ CA-FS-MKD (Application Component) Basic Market Data
     ⤷ /BA1/F4_BASIS (Package) Basic Market Data
Basic Data
Data Element /BA1/F4_DTE_MD_BID_MID_ASK
Short Description Bid/Middle/Ask Indicator  
Data Type
Category of Dictionary Type D   Domain
Type of Object Referenced     No Information
Domain / Name of Reference Type /BA1/F4_CONV_TYPE    
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 Bid/Md/Ask 
Medium 17 Bid/Middle/Ask 
Long 20 Bid/Middle/Ask 
Heading 17 Bid/Middle/Ask 
Documentation

Definition

Shows whether the rate/price is a bid, middle or ask rate/price.

The bid rate is the price that a buyer is willing to pay for a security. The ask rate is the price that a seller is willing to sell a security for. The middle rate lies between the bid rate and the ask rate.

The arithmetical relationships between these rates/prices are as follows:

  • Security prices (prices of stocks, bonds, options, and so on)

    Bid Price < Middle Price < Ask Price

  • Exchange rates
    The "security" here is the currency that is to be purchased or sold. Since an indirectly quotated exchange rate is the inverse of a directly quoted exchange rate, there are different arithmetical relationships for each:

    Bid Exchange Rate (Direct) < Middle Exchange Rate (Direct) < Ask Exchange Rate (Direct)

    Bid Exchange Rate (Indirect) > Middle Exchange Rate (Indirect) > Ask Exchange Rate (Indirect)

  • Interest rates
    The "security" here is the financial transaction at this interest rate. The lower the interest rate is, the higher the price of the financial instrument is. Since, for example, a higher bond price means a lower yield on the bond, the following relationship applies here:

    Bid Interest Rate > Middle Interest Rate > Ask Interest Rate

Use

Dependencies

Example

History
Last changed by/on SAP  20110908 
SAP Release Created in 20