SAP ABAP Data Element BAPI_BKK_DTE_INTSETTLFREQ (Interest Settlement Frequency for Exponential Interest Calc.)

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_INTSETTLFREQ
Short Description	Interest Settlement Frequency for Exponential Interest Calc.

Data Type

Category of Dictionary Type	D	Domain
Type of Object Referenced		No Information
Domain / Name of Reference Type	TFM_AMMRHYZV
Data Type	NUMC	Character string with only digits
Length	2
Decimal Places	0
Output Length	2
Value Table

Further Characteristics

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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	IntStFrq
Medium	15	Int.sttlm.freq
Long	20	Int. sttlmnt freq.
Heading	5	ISFrq

Documentation

The interest clearing frequency to be entered in months, is required in the context of the exponential interest calculation as follows:

Amount:DE.TFM_BBASIS2>Base Amount Calculation* (q** (Days / Base Days* IC) - 1 )

with

IS = 12 / Interest clearing frequency in months (Interest p.a.)

q = 1 + percentage rate / 100 / IC (Interest accumulation factor)

** = Power operator

In daily interest clearing IC = 360 or IC = 365.

Continuous interest clearing

If the gap between interest clearings is immesureably small (every hour, every minute etc.), this leads to so-called continuous interest clearing with the limit value form formula:

Amount = Base Amount Calculation * ( e ** (Percentage rate/ 100 * Days / Base days) - 1 )

with the number e = 2.71828182845904

History

Last changed by/on	SAP	20110901
SAP Release Created in	600