Hierarchy
SAP_ABA (Software Component) Cross-Application Component⤷
CA-FIM-FMA (Application Component) Financial Mathematics⤷
FIMA (Package) Financial mathematics
Basic Data
| Data Element | SZBMETH_NEW |
| Short Description | Interest Calculation Method |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | SZBMETH_NEW | |
| 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 | INTEREST_CALC_METHOD | |
| Change document | ||
| No Input History | ||
| Basic direction is set to LTR | ||
| No BIDI Filtering |
Field Label
| Length | Field Label | |
| Short | 10 | Int.Cal.Mt |
| Medium | 15 | Int.Calc.Method |
| Long | 20 | Int. Calc. Method |
| Heading | 3 | ICM |
Documentation
Definition
Procedure for counting the days for the interest calculation.
This is defined by a quotient of days method and base days method.
Use
You can use this method to determine how the time of year between two points of time on the Gregorian calendar is calculated.
The following methods are available:
- 360E / 360
- 360E / 365
- 360E / actY
- 360 / 360 (German)
- 360 / 360 (ISDA)
ISDA stands for International Swaps and Derivatives Association.
- 360 / 365 (ISDA)
- m+act / 360
- m+30 / 360
- 360 / 360
- 365 / 360
- 365 / 365
- act / 360
- act / 364
- act / 365
- act / 366
- act / actY (ISDA)
- act / actP (ICMA)
ICMA stands for International Capital Markets Association.
- act / actE (AFB)
AFB stands for Association Francaise de Banques (French bank association).
- actW / 252
- 1/1
The 1/1 method is a simple percentage calculation. The system calculates the interest using the following formula: calculation base amount x interest rate/100 (regardless of the actual length of the period).
Dependencies
You can use the Type of Interest Calculation checkbox to select either linear or exponential interest calculation.
Supplementary Documentation - SZBMETH_NEW0001
Use
This field is used in the yield calculation of bonds.
Procedure
Examples
In Germany the "German method" 30/360 is normally used.
Dependencies
History
| Last changed by/on | SAP | 20130604 |
| SAP Release Created in | 630 |
