SAP ABAP Data Element TB_FRA_AUSTRAL (Discount FRA)

Hierarchy

☛ BBPCRM (Software Component) BBPCRM
   ⤷ CRM (Application Component) Customer Relationship Management
     ⤷ CRM_APPLICATION (Package) All CRM Components Without Special Structure Packages
       ⤷ FTT (Package) R/3 application development for Treasury forward trading

Basic Data

Data Element	TB_FRA_AUSTRAL
Short Description	Discount FRA

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

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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	Disc. FRa
Medium	15	Discount FRA
Long	20	Discount FRA
Heading	4	DFRA

Documentation

When you set this indicator, the system creates a FRA as a discount FRA. The method used to calculate the settlement payment for this type of FRA differs from that of the standard FRA.

Standard FRA:

• The interest amount is calculated on the basis of the difference between the FRA record and the reference interest rate.
• The interest amount is discounted using the reference interest rate at the start of the hedge period.
• The discount amount corresponds to the settlement payment.

Discount FRA:

• The interest amount is calculated on the basis of both the FRA record and the reference interest rate.
• The interest amount is discounted at the start of the hedge period with the interest rate used for calculation.
• The settlement amount is calculated as the difference of the discount amounts.

History

Last changed by/on	SAP	20011002
SAP Release Created in