This transaction is used to maintain reference interest rates.
The definition of interest rates is required for interest calculation when processing business transactions like import finance, purchasing and discounting. This interest calculation requires the definition of interest rate types which then can be implemented in rule definitions for the respective interest calculating transaction.
The following transactions can be started from here by clicking the icons in the list below for:
For variable interest rates such as a successor of LIBOR, a validity period may be stated in days. This validity period will then apply from the date at which the interest rate is entered. If no validity period is indicated, the interest rate will apply until a more current interest rate is recorded. If the validity periods are changing, the previous entries have to be jointly closed.
Datafield | Description |
---|---|
Interest Rate Type Code | cf Appendix A, Table IRT field COD |
Currency | cf Appendix A, Table IRT field CUR |
Rates from | This field contains the date from which on contents should be displayed or selected |
Begin Date (Incl.) | cf Appendix A, Table IRS field BEGDAT |
End Date (excluding) | cf Appendix A, Table IRS field ENDDAT |
Rate | cf Appendix A, Table IRS field RAT |
Maturity | cf Appendix A, Table IRS field FNZPRD |
Begin Date (Incl.) | cf Appendix A, Table IRS field BEGDAT |
Rate | cf Appendix A, Table IRS field RAT |
Maturity | cf Appendix A, Table IRS field FNZPRD |