3638666 - Early repayment and accrued interest calculation for partial withdrawals

For a financial transaction, when the repayment is received earlier than the end of term, the interest accrued till the repayment date needs to be received immediately: 

• Early repayment functionality required for partial withdrawals.
• Accrued interest calculation not applied correctly for partial withdrawals with different interest rates.
• System applies the same interest rate to multiple partial withdrawals despite differing requirements.

Example Structure for the transaction:

1. No interest if withdrawal is within 7 days.
2. If withdrawn after 22 days, interest is 4% on the withdrawn amount.
3. If withdrawn after 23 days, interest is 4.25% on the withdrawn amount.
4. For more than 23 days, interest is 5.25%.

All rates are applicable from the start date of the fixed deposit.

Read more...

• Treasury and Risk Management (TRM)
• SAP ERP
• SAP ERP Central Component
• SAP enhancement package for SAP ERP
• SAP S/4HANA
• SAP enhancement package for SAP ERP, version for SAP HANA
• SAP S/4HANA Finance

SAP ERP Central Component all versions ; SAP ERP all versions ; SAP S/4HANA Finance all versions ; SAP S/4HANA all versions ; SAP enhancement package for SAP ERP all versions ; SAP enhancement package for SAP ERP, version for SAP HANA all versions

early repayment, accrued interest calculation, partial withdrawal, nominal decrease, fixed-term deposit, interest rate instrument, flow type 1110, SEARLYREP, money market, transaction manager, effective start date, interest rate condition. , KBA , FIN-FSCM-TRM-TM-TR , Transaction Management , Problem