sap fixed deposit investment premature withdrawal penalty

[Former Member]

Hi,

We have a scenario in SAP Treasury Fixed Deposit Investment 51A

Product Type 51A Product Group 510

Scenario: 1

In case of FDs with periodic interest payouts, where banks have already paid the investor interest as per the committed rates, banks calculate the applicable penalty at the time of redemption, and reduce the final payout by the bank

How to handle in  sap treasury?

Most of the banks charge premature withdrawal penalty

How to configure this?

Please provide solutions.

with regards

raju

[former_member198450 · Accepted solution]

Dear Raju,

I have created a deal for Fixed deposit for 10M Euro with the rate of interest 10%.

Contract date: 01.01.2014

Amount: 10 Million

Rate of interest : 10%

End of deal : 31.12.2014

As you said deal get close premature, Hence i premature settle deal on 31Oct.

Please use other tab of deal and standard Flow type 1901 for charges.

To change the final repayment amount please go to cash flow right click. and edit flow

Please change the final repayment amount, as like below example

Then save the deal, Go to FTR_Edit and Premature settle the deal.

Hope this resolve your issue.

Regards,

Jain

[Former Member · Accepted solution]

thanks for your reply Mr. Jain

Interest Rates for Premature withdrawal of FDs = Interest Rate applicable for actual period of FD as per the rates prevalent at the time of investment - 1 per cent

I want to configure the above formula when premature settlement happens.

with regards,

raju

[former_member198450 · Accepted solution]

Hello Krishna,

You just have to assign make the customization.

Assign Flow Types(1901) to Transaction Type in your example, assign it to product type 51A.

Every time you should assign flow type 1901 in other flow tab and amount manually. when ever the premature settlement arise.

I'm not sure whether we have any functionality to automatic update the bank charges in case of premature settlement. I would suggest you to use this function manually to have better control.

However,  You can look for an option for derived flow, Please note you will not have control as we have in manually.

All the best.

Regards,

Jain

[Former Member · Accepted solution]

Thanks for your reply.

I have another doubt

Banks offer different kinds of fixed deposits with names.

My requirement is, In the report i need particular bank name and particular bank fixed deposit scheme name and transaction details.

How to achieve this?

with regards

raju

[former_member198450 · Accepted solution]

Dear Raju,

I would appreciate if you create new thread for this requirement.

I hope i already answer your first question.

Regards,

Jain