Hierarchy
SAP_ABA (Software Component) Cross-Application Component⤷
CA-FIM-FMA (Application Component) Financial Mathematics⤷
FIMA (Package) Financial mathematics
Basic Data
| Data Element | TFM_AMMRHYZV |
| Short Description | Interest Settlement Frequency for Exponential Interest Calc. |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | TFM_AMMRHYZV | |
| Data Type | NUMC | Character string with only digits |
| Length | 2 | |
| Decimal Places | 0 | |
| Output Length | 2 | |
| 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 | IntStFrq |
| Medium | 15 | Int.Sttlm.Freq |
| Long | 20 | Int. Sttlmnt Freq. |
| Heading | 5 | ISFrq |
Documentation
Definition
You enter the interest settlement frequency in months. It is used for exponential interest calculation as follows:
Amount = calculation basis amount * ( q ** (days / basis days * interest calculation) - 1 )
where
IC = 12 / interest calculation frequency in months (interest calculation p.a.)
q = 1 + percentage / 100 / IC (compounding factor).
** = power operator
In the case of weekly interest calculation IC = 52
In the case of daily interest calculation IC = 360 or IC = 365
Continuous interest calculation
If the time between interest calculations is infinitely small (hourly, minute-by-minute), this leads to continuous interest calculation using the limit value formula.
Amount = calculation basis amount * ( e ** (percentage / 100 * days / basis days) - 1 )
The Eulerian number 'e' = 2.71828182845904
History
| Last changed by/on | SAP | 20110908 |
| SAP Release Created in |
