Hierarchy
SAP_ABA (Software Component) Cross-Application Component⤷
CA-FIM-FMA (Application Component) Financial Mathematics⤷
FIMA (Package) Financial mathematics
Basic Data
| Data Element | SBERECH |
| Short Description | Grace Period Interest Method |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | XFELD | |
| 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 | Grace int. |
| Medium | 15 | Grace int.meth |
| Long | 20 | Grace per.int.method |
| Heading | 2 | GM |
Documentation
Definition
This indicator enables you to take interest losses in the form of grace interest into account when a scheduled repayment is settled before the payment date.
Example: Annuity loan with immediate repayment settlement
Case 1: Payment at start of period
Due date Saturday, 03/15
Payment date Monday, 03/17
Settlement date Monday, 03/17
In this case, there is no grace interest.
Case 2: Payment at end of period
Due date Saturday 03/31
Payment date Monday, 04/02
Settlement date Saturday, 03/31
If the grace interest indicator is set, the interest payment is increased to account for the grace interest relating to the repayment from 04/01 to 04/02. The repayment amount is reduced accordingly.
Note: You can also apply the grace interest method for installment repayments.
History
| Last changed by/on | SAP | 20110908 |
| SAP Release Created in |
