SAP ABAP Data Element WZINM (Agency business: Method of calculation interest, profit sim.)
Hierarchy
☛ SAP_APPL (Software Component) Logistics and Accounting
   ⤷ LO-AB (Application Component) Agency Business (Global Trade)
     ⤷ WZRE (Package) Agency Business
Basic Data
Data Element WZINM
Short Description Agency business: Method of calculation interest, profit sim.  
Data Type
Category of Dictionary Type D   Domain
Type of Object Referenced     No Information
Domain / Name of Reference Type SZBMETH    
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 IntMethod 
Medium 15 Interest method 
Long 20 IntCalcMethod 
Heading 5 InClc 
Documentation

SZBMETH

Definition

Indicates which interest calculation method is used.

The interest calculation method is defined by the quotient DAYS/DAY BASIS and, as a factor of the percentage calculation, results in the percentage calculation for the specific period, the interest calculation.

Linear interest calculation:

Amount = Calculation base * Percentage / 100 * DAYS / DAY BASIS

Methods for calculating the DAYS (number of days of the corresponding calculation period):

  1. "act"

    The actual number of days (calendar days) between the two dates is calculated.

  2. "360"

    The number of days between the dates D1/M1/Y1 and D2/M2/Y2 is calculated on the basis of:
    (Y2 - Y1) * 360 + (M2 - M1) * 30 + (D2 - D1)

The month is taken to have 30 days, and the 31st of any month is ignored for the purposes of calculating interest.

Examples:

  • 31.03. incl. to 2.04. incl. = 2 days.
  • The 31.03. is not taken into consideration.
  • 01.12. incl. to 31.12. excl. = 30 days.
  • The 31st is never included, so the addition of "excl." has no effect.

  1. "360E"

    The number of days between the dates D1/M1/Y1 and D2/M2/Y2 is calculated on the basis of:
    (Y2 - Y1) * 360 + (M2 - M1) * 30 + (D2 - D1).

The month is claculated as 30 days, and the 31st of a month is considered to be the 30th, i.e. if D1 and D2 are 31st, they are set back to 30th.

This method is used in the European market in particular.

Examples:

  • 31.03. incl. to 2.04. incl. = 3 days.
  • The 31.03 is treated as the 30.03 and is taken into consideration because of the note "incl.".
  • 01.12. incl. to 31.12. excl. = 29 days.
  • The 31.12. is treated as the 30.12, and is not taken into consideration because of the note "excl.".

The following are defined as DAY BASIS:

  1. "360"

    Based on a year with 360 days.

  2. "365"

    Based on a year with 365 days.

  3. "366"

    Based on a year with 366 days.

The combinations of DAYS/DAY BASIS used in practice and supported are: act / 360, act / 365, act / 366, 360 / 360, 360E / 360.

History
Last changed by/on SAP  20130529 
SAP Release Created in