Auto Conversionn long term fixed deposit to short term fixed deposit

[Former Member]

Hi SAP Experrts,

We are using CFM system and I have the following scenario

We invest funds in long term fixed deposit. On maturity data LTI should automatically convert STI and the balance in LTI account should get transfered to STI account. Has any one dealt with this kind of scenario, If yes please let me know how to configure this scenario in Account determination

Thanks in Advance

[Former Member · Accepted solution]

Hi,

You can use the function of Valuation class transfer from LTI to STI using TCode - TPM15M. The GL balance will also get transferred from STI to LTI. But there may be few restrictions:

a. You have to carry out the transfer with key date less than maturity date in LTI

b. What will be the maturity date after transfer from LTI to STI?

c. What will be the treatment for interest due with class - LTI?

Regards

Prasad AV

[Former Member]

Hi,

Like Prasad said you can do a valuation class transfer. But this is not available in earlier releases ( I think only from EH2).

But it would be better if we could know the business logic for such a transfer. Why do you want to transfer to a short term FD on maturity date. On maturity date, the long term FD gets matured and that closes the investment correct. In case if your requirement is that the maturity amount is invested in another short term FD, then you can as well create a new short term FD transaction for the same or in case if the FD is extended for some time then you can check with the option of roll over.

Regards,

Ravi