Hierarchy
SAP_HRRXX (Software Component) Sub component SAP_HRRXX of SAP_HR⤷
PY-XX (Application Component) Payroll: General Parts⤷
PCLO (Package) HR-PY: International Loan Functions
Basic Data
| Data Element | EFFIN |
| Short Description | Effective Interest Rate |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | DEC2_4 | |
| Data Type | DEC | Counter or amount field with comma and sign |
| Length | 6 | |
| Decimal Places | 4 | |
| Output Length | 7 | |
| 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 | Eff.int.rt |
| Medium | 20 | Eff. interest rate |
| Long | 22 | Effective interest rte |
| Heading | 10 | Eff.int.rt |
Documentation
Use
Dependencies
So that the system can calculate the effective interest rate, you must make entries in the Loan Condition and Repayment Installment (for installment loans) or Annuity Installment (for annuity loans) fields. In addition, you must enter a payment on the Payments tab page.
If you change the master data of an existing loan at a later time, the system automatically recalculates the effective interest.
The recalculation of the effective interest always occurs if you change the loan condition, the repayment or annuity installment, or a payment, or if you create an additional payment.
If you make retrospective changes in Customizing, for example changing a loan condition,the system does not automatically recalculate the effective interest. In this case, the interest is not recalculated until you open a loan that uses the changed loan condition in change mode and then save.
Example
History
| Last changed by/on | SAP | 20031111 |
| SAP Release Created in | 46C |
