Hierarchy
BBPCRM (Software Component) BBPCRM⤷
CRM (Application Component) Customer Relationship Management⤷
CRM_APPLICATION (Package) All CRM Components Without Special Structure Packages⤷
FVV (Package) R/3 application development for Financial Assets Management
Basic Data
| Data Element | KREAK |
| Short Description | Post Subscription Rights |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | VVKWKURS | |
| Data Type | DEC | Counter or amount field with comma and sign |
| Length | 15 | |
| Decimal Places | 6 | |
| Output Length | 18 | |
| Value Table |
Further Characteristics
| Search Help: Name | ||
| Search Help: Parameters | ||
| Parameter ID | ||
| Default Component name | PRICE_REF_SHARE | |
| Change document | ||
| No Input History | ||
| Basic direction is set to LTR | ||
| No BIDI Filtering |
Field Label
| Length | Field Label | |
| Short | 10 | Pr.ref.stk |
| Medium | 15 | Price ref.stock |
| Long | 20 | Price refer. stock |
| Heading | 18 | Price refer. stock |
Documentation
Definition
Calculating the subscription right value
To calculate the value of the subscription right, the system needs the market price of the old stock. This value is taken from the price table, but you can overwrite it manually.
There are two different ways of calculating the subscription right value:
Case 1: Book value of old stock <= Market value of old stock
The subscription right value is calculated using the following formula:
Subscription right value = Theoretical subscription right value * Book value of old stock / market price of old stock
Theoretical subscription right value = Number of old stocks * (Market price of old stock - Subscription price of new stock - Dividend disadvantage) / (1 + Number of old stocks / Number of new stocks)
Number of old stocks / Number of new stocks = Subscription right ratio * Subscription ratio
Example
Book value of old stock 80 EUR
Market price of old stock 100 EUR
Subscription price of new stock 50 EUR
Dividend disadvantage of new stock 1 EUR
Subscription right ratio 1:1
Subscription ratio 1:1
Theoretical subscription right value = 1 * (100 EUR - 50 EUR - 1 EUR) / (1 + 1) * 80 / 100 = 19.60 EUR
Case 2: Book value of old stock > Market value of old stock
The upper value of the subscription right is limited by the theoretical subscription right value.
Subscription right value = Theoretical subscription right value
Example:
Book value of old stock 80 EUR
Market price of old stock 70 EUR
Subscription price of new stock 50 EUR
Dividend disadvantage of new stock 1 EUR
Subscription right ratio 1:1
Subscription ratio 1:1
Theoretical subscription right value = 1 * (70 EUR - 50 EUR - 1 EUR) / (1 + 1) = 9.50 EUR
Supplementary Documentation - KREAK 0001
Use
Required for calculating the subscription right value. The value is used when booking in the subscription right as a proposal. It can then be overwritten either manually or by a more up-to-date entry from the rate table.
Procedure
Examples
Dependencies
History
| Last changed by/on | SAP | 20100310 |
| SAP Release Created in |
