SAP ABAP Data Element VVZBMETH (Interest calculation method for real estate)
Hierarchy
☛ BBPCRM (Software Component) BBPCRM
   ⤷ CRM (Application Component) Customer Relationship Management
     ⤷ CRM_APPLICATION (Package) All CRM Components Without Special Structure Packages
       ⤷ FVVI (Package) R/3 appl.dev. for Financial Assets Management: Real estate
Basic Data
Data Element VVZBMETH
Short Description Interest calculation method for real estate  
Data Type
Category of Dictionary Type D   Domain
Type of Object Referenced     No Information
Domain / Name of Reference Type VVZBMETH    
Data Type NUMC   Character string with only digits 
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 IntMethod 
Medium 15 Int.calc.method 
Long 20 Int. calc. method 
Heading 3 ICM 
Documentation

Definition

The interest calculation method is defined by the formula DAYS / TOTAL NUMBER OF DAYS and is a leading factor in percentage calculation, period-dependent percentage calculation and interest calculation variants.

Use

  • Act/365

    The TOTAL NUMBER OF DAYS used for the calculation is a year containing 365 days.

  • 360/360

    A year containing 360 days is used.

Example

Refer to the example calculation for cash deposit in the Cash deposit due on field

Formulas and Explanations

This is a straight-line rate of interest:

Amount = Calculation basis * Percentage rate / 100 * DAY / Number of days

The methods used for calculating days (Number of days of the corresponding calculation period) are:

  1. 'act'
    2. The actual number of days (calender days) are calculated between the dates.
  2. '360'
    3. The number of the days between the dates M1/D1/Y1 und M2/D1/Y2 is calculated as follows:

(Y2 - Y1) * 360 + (M2 - M1) * 30 + (D2 - D1)

Using this method, 30 days are calculated in the month and the 31st is ignored.
Example
03/31 up to and incl. 04/02 results in 2 days -> The 03/31 is not taken into account.
12/01 up to and excl. 12/31 results in 30 Tage -> der 31. is not usually taken into account; the word "excl." is superfluous.
History
Last changed by/on SAP  19970708 
SAP Release Created in