SAP ABAP Data Element BKK_XEXPINT (Exponential interest calculation)

Hierarchy

☛ EA-FINSERV (Software Component) SAP Enterprise Extension Financial Services
   ⤷ IS-B-BCA-MD-CD (Application Component) Condition
     ⤷ FKBC (Package) Bank Customer Accounts: Conditions

Basic Data

Data Element	BKK_XEXPINT
Short Description	Exponential interest calculation

Data Type

Category of Dictionary Type	D	Domain
Type of Object Referenced		No Information
Domain / Name of Reference Type	XFELD
Data Type	CHAR	Character String
Length	1
Decimal Places	0
Output Length	1
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	Exponent.
Medium	15	Exponential
Long	30	Exponential interest calc.
Heading	4	Exp.

Documentation

Definition

If this indicator is set, exponential interest calculation takes place dependent on interest clearing frequency.

The following formula is used in calculations:

Amount = calculation base amount * ( q ** (days /

base days*IC) - 1)

with

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

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

** = power operator

In daily interest clearing IC = 360 or IC = 365

If this field is not selected, linear interest calculation takes place using the following formula:

Amount = Calculation base amount * Percentage rate / 100 * days / base days

History

Last changed by/on	SAP	20041006
SAP Release Created in	462_10