Hierarchy
BBPCRM (Software Component) BBPCRM⤷
CRM (Application Component) Customer Relationship Management⤷
CRM_APPLICATION (Package) All CRM Components Without Special Structure Packages⤷
FVV (Package) R/3 application development for Financial Assets Management
Basic Data
| Data Element | VVSSOLIST |
| Short Description | Plan/Actual principle |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | VVSSOLIST | |
| 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 | ||
| Change document | ||
| No Input History | ||
| Basic direction is set to LTR | ||
| No BIDI Filtering |
Field Label
| Length | Field Label | |
| Short | 10 | Plan/Act. |
| Medium | 15 | Plan/Act.pr. |
| Long | 20 | Plan/Act.principle |
| Heading | 10 | Plan/Act. |
Documentation
Definition
Function of the indicator
This indicator determines the method used to calculate the interest calculation capital for the loan. It defines which repayment flows in the cash flow - repayment receivables or repayment payables - are used for clearing, that is, lead to the reduction of the interest calculation capital in the cash flow at the clearing date.
The principles available are:
- Planned principle
- Actual principle 1
- Actual principle 2
- Incoming payment principle
- Payment plan principle
This is only released after consultation with SAP.
Difference between planned principle / actual principle
In the planned principle, the reduction in the interest calculation capital is calculated on the basis of the posted and planned debit positions as at the repayment settlement date.
In the actual principle, the reduction in the interest calculation capital is calculated on the basis of the posted incoming payments for the repayments in conjunction with the planned repayment debit positions as at the repayment settlement date. If the Immediate Settlement indicator is set in the repayment condition, the payment reduces the interest calculation capital as at the payment date.
Difference between actual principle 1 and actual principle 2
The two variants of the actual principle differ in the way principal and interest payments are calculated for annuities and in the way payments are considered for future calculation periods.
Calculation of annuity payments according to the actual principle
In the actual principle 1, the annuity payment installments are constant.
A delayed or reduced repayment leads to an increase in the interest charge and so a postponement with a reduced repayment share in the annuity.
In the actual principle 2, a delayed or reduced repayment changes the repayment installment. The repayment charge for the next period is the same as the originally calculated plan (according to the debit principle). The interest charge increases on the basis of the increased interest calculation capital and so the installment is increased and not constant.
Consideration of payments in the actual principle
In the actual principle 1, a reduced incoming payment of repayment is reflected in the interest calculation capital in all of the subsequent calculation periods.
In the actual principle 2, a reduced repayment only affects the installment calculation for the next calculation period. In the periods that follow the system assumes (until the debit position is generated for the current period) that the remainder of the payment will have been made by this time.
The system allows for this in the calculation by simulating an internal incoming payment for the remaining amount as at the next due date.
Incoming payment principle
The incoming payment principle is used for loans based on the product category Installment Loan (360):
In the incoming payment principle, the system predefines a scheduled cash flow of payment installments, that are represented as flows with the FiMa calculation category TL and are to be posted as individual receivables.
- Each time incoming payments are made they trigger the cash flow calculation. The cash flow calculation calculates and posts the interest accrued up to the day on which the incoming payment was made. It distributes the payment amount over the interest items that are not yet or not completely paid and assigns the amount to these items. It then posts the remaining amount as repayment with the FiMa calculation category TTTL.
- At the same time, the cash flow calculation prepares clearing flows for the due payment installments and distributes the payment amount over the payment installments that are not paid or not completely paid, in chronological order.
- It is possible for the customer to make special payments for repayment only (principal only) and to make prepayments on future payment installments.
Payment plan principle
The payment plan principle is used for loans based on the product category Installment Loan (360):
In the payment plan principle, the system does not apply incoming payments as on the actual day the payments are made, but as on the planned payment due date.
Note
The use of the payment plan principle can only be released after consultation with SAP.
Difference between incoming payment/payment plan principle
In loans managed according to the incoming payment principle the system applies incoming payments to the day. In other words, when the incoming payment is received the system calculates and clears the accrued interest up to the payment date and uses the remainder of the incoming payment amount for repayment with immediate settlement.
In loans managed according to the payment plan principle the system only applies the incoming payments to the planned due dates.
History
| Last changed by/on | SAP | 19990105 |
| SAP Release Created in |
