Hierarchy
SAP_APPL (Software Component) Logistics and Accounting⤷
TR (Application Component) Treasury⤷
FTT_CORE (Package) Former FTT Objects Required in AL0
Basic Data
| Data Element | TI_BETICK_COMMODITY |
| Short Description | Tick Amount (Commodity) |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | DEC13_7 | |
| Data Type | DEC | Counter or amount field with comma and sign |
| Length | 13 | |
| Decimal Places | 7 | |
| Output Length | 15 | |
| 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 | Tick Amnt |
| Medium | 15 | Tick Amount |
| Long | 20 | Tick Amount |
| Heading | 18 | Tick Amount |
Documentation
Definition
The tick (or minimum price movement) is the smallest unit by which a price can change.
In the case of commodity-based futures and listed options, the tick should not be read as a currency-related amount, but rather as an amount or unit of measure, in the same way as the futures quotation.
The traded futures price is always a multiple of the tick/minimum price movement.
Use
Dependencies
Example
Relationship between the tick amount and the tick value:
The London Metal Exchange (LME) trades copper futures. The following applies to Grade A copper futures contracts:
- Lot Size = 25 metric tonnes
This is entered in the futures class data (transaction FWZZ) on the Basic Data tab page in the Contract Size field in the Underlying area.
- Quotation = USD / Tonne
This entry is defined as the unit of measure of the contract size in the Currency field (USD) in the Tick area and the UoM field (tonne). These fields are on the Basic Data tab page in the futures class data (transaction FWZZ).
- Tick = 0.01
This entry corresponds to the tick amount (Amount field in the Tick area) which is on the Basic Data tab page in the futures class data (transaction FWZZ).
- Tick value = USD 0.25
This entry corresponds to the tick value (Value field in the Tick area) which is on the Basic Data tab page in the futures class data (transaction FWZZ).
If you purchase x units of the future, the contract value is as follows:
Contract value = Number of units * (Rate/Tick) * Tick value
History
| Last changed by/on | SAP | 20100310 |
| SAP Release Created in | 603 |
