Hierarchy
⤷ TR (Application Component) Treasury
⤷ FTT_CORE (Package) Former FTT Objects Required in AL0
Basic Data
Data Element | TI_BWTICK_COMMODITY |
Short Description | Tick Value (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 Value |
Medium | 15 | Tick Value |
Long | 20 | Tick Value |
Heading | 18 | Tick Value |
Documentation
Definition
The tick value is the smallest change in value of a contract when the price changes by a tick (amount).
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 |