Hierarchy
EA-FIN (Software Component) EA-FIN⤷
RE-FX-CN (Application Component) Real Estate Contract⤷
RE_CD_CD (Package) RE: Conditions
Basic Data
| Data Element | RECDFIXPER |
| Short Description | Fixed Periods |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | RECDFIXPER | |
| Data Type | CHAR | Character String |
| Length | 10 | |
| Decimal Places | 0 | |
| Output Length | 10 | |
| Value Table | TIVCDFIXPER |
Further Characteristics
| Search Help: Name | ||
| Search Help: Parameters | ||
| Parameter ID | ||
| Default Component name | FIXED_PERIOD | |
| Change document | ||
| No Input History | ||
| Basic direction is set to LTR | ||
| No BIDI Filtering |
Field Label
| Length | Field Label | |
| Short | 10 | Fixed Prd |
| Medium | 15 | Fixed Periods |
| Long | 20 | Fixed Periods |
| Heading | 4 | FxPd |
Documentation
Definition
Key that indicates how the calendar year is split up into periods. The same amount is placed in the cash flow for each period, even if the periods are not the same length.
Only make an entry if you use fixed periods (such as in Great Britain for example for contracts with quarter days).
Fixed Periods
In Customizing you can specify how a calendar year can be split into periods for calculating the cash flow. Each possible split into periods is given a key. In the frequency term of the contract or rental object you can then refer to this key and specify that the annual amount should be split into equal partial amounts for these periods (which can have varying lengths).
Example:
The following periods are specified for the key Fixed Periods: QUARTER_UK (quarter days): No. Day Month Rounding Difference 1 25 3 x 2 24 6 3 29 9 4 25 12
These periods are used as a basis for generating the cash flow. The annual amount is divided by the number of periods and the same amount is calculated for each (full) period. Rounding differences are added to the correspondingly flagged period (exactly one), for example the first period.
For example, if an amount of 12000 EUR is agreed as the condition amount per year, this would result in a period amount of 3000 Euro in our example. The following cash flow is generated: .... Calc. from Calc. to Amount ... 12/25/2002 03/24/2003 3000 03/25/2003 06/23/2003 3000 06/24/2003 09/28/2003 3000 09/28/2003 12/24/2003 3000 ...
If fixed periods are used, the following applies:
- The same amount is paid in each full period.
- The amount is calculated by dividing the annual condition amount by the number of periods defined in Customizing.
- Exactly one period can be flagged in Customizing to which any rounding differences are added. If no period has been flagged, the rounding differences are not taken into account. The total of all the amounts from each period may be slightly higher or lower than the annual condition amount.
- The due date(*) is calculated on the basis of the total period. If periods are split, the due date remains the same
Example:
Total period: 12/25/2003 through 03/24/2004 and in advance => Due date 12/25/2003
Split on 02/01/2004 due to increased condition amount:
12/25/2003 through 01/31/2004 => Due date 12/25/2003
02/01/2004 through 03/24/2004 => Due date 12/25/2003
Possible calculation methods for the pro rata calculation of amounts are period-specific and by year.
With a period-specific calculation, the period amount is divided by the number of days in the period and multiplied by the number of days in the partial period. For the calculation by year, the calculation of the partial period is based on the annual amount. This is divided by 365 (or 366 in a leap year) and multiplied by the number of days in the period. If the partial periods are not completely in a leap year, two partial amounts are calculated:
Example
Calculation method by year. On 12/28 the annual condition amount was increased from 12000 EUR to 13000 EUR:
Period (X): 12/25/2003 through 12/27/2003 => 12000 / 365 * 3 = 98.63
Period (X+1): 12/28/2003 through 03/24/2004
This period (X+1) is split internally for the pro rata calculation:
12/28/2003 through 12/31/2003 => 13000 / 365 * 4 = 142.4657...
01/01/2004 through 03/24/2004 => 13000 / 366 * (31 + 29 + 24 ) = 2983.6065...
The total for period (X+1) is 3126.07.
- If a date is entered in the user-selected start field, the rounding difference will be added to the period which is set in Customizing as relative to this date.
Example
In Customizing, period 1 (12/25 through 03/24) is flagged as the Period for Rounding Differences. The start of the period is set as 04/01/2000. The rounding difference will be added to the period containing 04/01. In 2003 this would be the period 03/25/2003 through 06/23/2003
(*) The due date is determined in accordance with the payment form and the due date correction rule. The due date correction rule specifies how the date determined from the payment form (in advance, mid-period, in arrears) is moved. In addition you can specify whether or not the due dates should be moved at the start or end of a contract or rental object to the start or end.
History
| Last changed by/on | SAP | 20040819 |
| SAP Release Created in | 500 |
