Hierarchy
FI-CA (Software Component) FI-CA⤷
FI-CA-BT-IC (Application Component) Interest Calculation⤷
FKKZ (Package) Interest Calculation FI/ CA: Common Objects
Basic Data
| Data Element | FISZBMETH |
| Short Description | Interest Calculation Method |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | FISZBMETH | |
| 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 | Int.meth |
| Medium | 15 | Int.calc.method |
| Long | 20 | Int. Calc. Method |
| Heading | 3 | ICM |
Documentation
Definition
The interest calculation method is defined by the DAYS/DAILY BASIS quotients and is a factor of the percentage calculation for interval-based percentage calculation that leads to the interest calculation variants.
Linear interest calculation
Amount = Calculation basis * percentage rate/100 * DAYS/DAILY BASIS
Exponential interest calculation
Amount = Calculation basis * (q ** (DAYS/DAILY BASIS) -1)
With the compound factor q = 1 + percentage rate/100 and ** as power operand
The methods for calculating the DAYS (number of days of each calculation period) are
- act
The number of calendar days between two dates.
- 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)
The month is deemed to have 30 days and the 31. of a month is ignored for interest purposes.
Examples
- 03/31 inclusive to 04/02 inclusive results in 2 days. 01/03 is not considered.
- 12/01 inclusive to 12/31 inclusive results in 30 days. 31 is generally not considered, so that "exclusive" here has no effect.
- 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)
The month is calculated with 30 days and 31. of the month is considered as 30., meaning that 31. in D1 and D2 is reset to 30.
This method is used, for example, in European markets.
Examples
- 31.03. inlusive to 04/02 inclusive results in 3 days. 03/31 is treated as 03/30 and considered because of the "inclusive".
- 01.12. inclusive to 12/31 inclusive results in 29 days. 12/31 is treated as 12/30 and not considered because of the "exclusive".
The following are defined as DAILY BASIS:
- 360
A year with 360 days
- 365
A year with 365 days
- 366
A year with 366 days
- act
The actual number of (calendar) days in a year.
- actY
Y stands for year, and means that the actual number days of a calendar year (365/366) is used for the calculation.
30/30 Exp
The method 30/30 exp should only be used together with the exponential interest calculation. It has the same meaning as 360/360, but exponential interest is calculated on a monthly basis.
Note
Previously supported, relevant combinations of DAYS/DAILY BASIS are: act/360, act/365, act/366, 360/360, 360E/360.
The interest calculation methods 8 (365/360) and 9 (365.25/360) are no longer supported.
History
| Last changed by/on | SAP | 20050224 |
| SAP Release Created in |
