SAP ABAP Data Element RKURSTYP (Rate Type (Bid, Ask, Middle Rate))

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	RKURSTYP
Short Description	Rate Type (Bid, Ask, Middle Rate)

Data Type

Category of Dictionary Type	D	Domain
Type of Object Referenced		No Information
Domain / Name of Reference Type	RKURSTYP
Data Type	CHAR	Character String
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	Rate Type
Medium	15	Rate Type
Long	20	Rate Type
Heading	5	RType

Documentation

Definition

ID of the rate which should be used for settlement.

Examples

• In securities trading

• Bid price = stock exchange price at which securities are bought
• Ask price = stock exchange price at which securities are sold

• In foreign exchange trading

Here, 3 rates are listed for every foreign currency:

• Bid rate = foreign exchange buying rate
• Ask rate = foreign exchange selling rate
These two rates are used for settlements between banks and their customers.
• Middle rate = price determined in official foreign exchange trading;
The middle rate is the arithmetic mean between the bid and ask rate. The bid and ask rates are determined by subtracting or adding certain margins determined by the German Central Bank.
The price margin between the bid and ask rate was determined to be approx. 0.325%.

History

Last changed by/on	SAP	19970708
SAP Release Created in