Hierarchy
EA-FINSERV (Software Component) SAP Enterprise Extension Financial Services⤷
IS-B-BCA (Application Component) Bank Customer Accounts⤷
FKB_ACCOUNT_BAPI (Package) Account BAPI
Basic Data
| Data Element | BAPI_BKK_DTE_INTERESTCALCMETH |
| Short Description | Interest calculation method |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | SZBMETH | |
| 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 | IntCalMeth |
| Medium | 15 | Int.calc.method |
| Long | 20 | Int. calc. method |
| Heading | 3 | ICM |
Documentation
Definition
The interest calculation method is defined by the quotients DAYS / DAILY BASIS and leads as factor from the percentage calculation to the time period-dependent percentage calculation, the interest calculation variants.
Straight-line interest calculation:
Amount = calculation basis * percentage rate/ 100 * DAYS/ DAILY
BASIS
Exponential interest calculation:
Amount = calculation basis * ( q ** (DAYS / DAILY BASIS) - 1 )
with the compounding factor q = 1 + percentage rate / 100 and
** as potentiator.
The methods for calculating the DAYS (number of days of each
calculation period) are:
1. 'act'
The actual number of days (calendar days) between two dates
is calculated.
2. '360'
The number of days between the dates D1/M1/Y1 and D2/M2/Y2
results from
(Y2 - Y1) * 360 + (M2 - M1) * 30 + (D2 - D1)
A month is calculated as having 30 days and the 31st of a
month is not considered interest-relevant.
Examples: 03/31 incl. to 04/02 incl. equals 2 days.
O3/31 is ignored.
12/01 incl. to 12/31 excl. equals 30 days.
As the 31st is always ignored, the supplement
'excl.' has no effect.
3. '360E'
The number of days between the dates D1/M1/Y1 and D2/M2/Y2
results from
(Y2 - Y1) * 360 + (M2 - M1) * 30 + (D2 - D1)
A month is calculated with 30 days and the 31st of the month
is considered to be the 30th. This means the 31st in D1 and
D2 is turned back to the 30th.
This method is used, for example, on the EURO market.
Examples: 03/31 incl.to 04/02 incl. equals 3 days.
03/31 is treated as the 30th and taken into account
because of the supplement 'incl.'.
12/01 incl. to 12/31 excl. equals 29 days.
12/31 is treated as 30th and then ignored because
of the supplement 'excl.'.
The following are defined as DAILY BASIS:
1. '360'
Based on the assumption of a year with 360 days.
2. '365'
Based on the assumption of a year with 365 days.
3. '366'
Based on the assumption of a year with 366 days.
4. 'actP'
The supplement 'P' stands for 'period' and is intended to
show that calculation is done for the actual number of days
of a period. This is then projected for the year by
multiplying the number of period days by the number of
periods per year.
Example: Interest calculation method ... act/actP
Half-yearly interest payment ...cycle 6 months
Calculation period ....01/01/1999 to 07/01/1999
As quotient DAYS/DAILY BASIS this results in
181 / 362 = 181 / ( 181 * ( 12 / 6 ) ).
5. 'actY'
The supplement 'Y' stands for 'year' and is intended to show
that calculation is done for the actual number of days in
a calendar year - in leap years 366 and otherwise 365.
If a calculation period covers two calendar years, one of
which is a leap year, calculation is done in two parts.
Example: Interest calculation method ... act/actY
Calculation period .... 12/01/1999 to 01/09/2000
As quotient DAYS / DAILY BASIS this results in
39 / 365,2046825 = 31 / 365 + 8 / 366.
The following are the combinations DAYS/DAILY BASIS relevant in practice and supported so far: act/360, act/365, act/366, 360/360, 360E/360, act/actP, act/actY.
The interest calculation method 0 means that the system does not include the daily basis for this condition. This means that in this interest calculation method, the calculation balance is multiplied with the percentage only.
History
| Last changed by/on | SAP | 20130529 |
| SAP Release Created in | 600 |
