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

Hierarchy

☛ SAP_ABA (Software Component) Cross-Application Component
   ⤷ FS (Application Component) Financial Services
     ⤷ FCL_TYPES (Package) Source Data Categories for Financial Calculator

Basic Data

Data Element	FCL_DTE_AMMRHYZV
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	FCL_DOM_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

Definition

You enter the interest settlement frequency in months. It is used to calculate exponential interest as follows:

Amount = calculation base amount * ( q ** (days / base days * IC ) - 1 )

where

IC = 12 / interest calculation frequency in months (interest calculation per year)

q = 1 + percentage / 100 / IC (compounding factor)

** = power operator

If interest is calculated weekly, IC is 52.

If interest is calculated daily, IC is 360 or 365.

Continuous Interest Calculation

If the time between interest calculations is infinitely small (hourly, minute-by-minute), continuous interest is calculated using the limit value formula.

Amount = calculation base amount * ( e ** (percentage / 100 * days / base days) - 1 )

The Eulerian number "e" = 2.71828182845904

History

Last changed by/on	SAP	20130604
SAP Release Created in	100