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Time Deposit Redemption/Rollover ( RELNBANK_463_BCA_US_TDR )

BAL Application Log Documentation   Vendor Master (General Section)  
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Short text

Time Deposit Redemption/Rollover

Use

BCA now supports functionalities to handle time deposit accounts at maturity. Two maturity options are available for time deposit accounts:

- Automatic Redeem

- Automatic Rollover

Upon maturity, based on the option selected, the account will automatically be cashed out or rolled over to a new term at the prevailing interest rate. The Account Closure program (transaction F9KD) will close all time deposit accounts that are flagged for automatic redeem at maturity. The Rollover program (transaction BCA_US_TDRO1) will rollover all time deposit accounts that are flagged for automatic rollover at maturity. The following steps are involved:

1. Account Maintenance - Setting the Maturity Option:

The Maturity Option is set when the account is created (transaction BCA_US_TDA1). The default setting is Automatic Rollover. The Maturity Option can also be changed in account maintenance (transaction F9K2). If an account is set for Automatic Redeem at maturity, the Account Closure date will be automatically set to the Maturity Date. If an account is set for Automatic Rollover at maturity, the Account Closure Date will be automatically cleared.

It is also possible to manually set the Closure Date in Account Maintenance (transaction F9K2). If the Closure Date is set prior to or equal to the Maturity Date, the Automatic Rollover flag will not be set. If the Closure Date is set to a date after the Maturity Date, Automatoc Rollover is still possible.

2. Account Balancing:

Account Balancing must be run before the Rollover program or the Account Closure program is run. During the Rollover mass run, a time deposit account will not be rolled over if the Last Balancing Date on the account is not equal to the Maturity Date. Also, during the Account Closure run, a time deposit account will not be closed if the Last Balancing Date on the account is not equal to the Closure Date.

When the Account Balancing program is run, accounts selected should include all time deposit accounts that are due for maturity on the Balancing Date. Therefore, on these accounts the Next Date should be equal to the Maturity Date so that they will be selected for balancing.

The Next Date is set when the account is created or changed, and it is bumped forward when the account is successfully balanced. For time deposit accounts, the Next Date may also be changed based upon the new maturity date after the rollover. If the Next Date on the time deposit account is not properly set relative to the Maturity Date and the Closure Date, the account will be excluded in the Balancing run at maturity and hence will also be excluded in the corresponding Rollover or Account Closure run.

3. Time Deposit Rollover:

The periodic task Time Deposit Rollover - Mass Run (transaction BCA_US_TDRO1) will process all time deposit accounts that are due for maturity and are flagged for automatic rollover. On the selection screen, enter the appropriate Bank Area and Maturity Date should be set to the Balancing Posting Date. During the rollover, a new certificate number will be assigned to the account and a new maturity date will be calculated based on the current term and the rollover date. Also a new individual credit interest condition will be created by copying from the prevailing standard interest condition assigned to the product. The individual condition will be effective for the entire new term. Any individual markup conditions effective on the previous term will not be extended to the new term. All other characteristics (term, balancing period, interest payment option, maturity option and blocks etc.) will remain unchanged on the account. A print interface for generating new certificates is also available.

The Time Deposit Rollover - Single Run (transation BCA_US_TDRO2) will roll over a single account that is due for maturity. On the selection screen, enter the appropriate Bank Area and Account Number. The process is similar to the mass run. However, it will process an account even if it is not flagged for automatic rollover. It will also balance the account if necessary prior to the actual rollover.

The accounts that are successfully rolled over will be presented by the ALV. For each account listed, it is possible to jump over to the Fast Entry Display Account screen. From there, you may also click on the Detail button to navigate to the detail Account Maintenance screen.

An application log is available for Time Deposit Rollover. Use transaction BCA_US_TDROLG to access the log.

4. Account Closure:

The periodic task Account Closure (transaction F9KD) will process all time deposit accounts that are due for maturity and is flagged for automatic redeem. The entire balance will be transferred to the account closure reference account and the time deposit account will be closed. This is the same process used to close any BCA accounts.

Effects on Existing Data

Effects on Data Transfer

Effects on System Administration

Effects on Customizing

The Rollover feature can be enabled or disabled at the product level using the Product Configurator. It should be turned on for each time deposit product if the automatic rollover functionality is desired.

For the automatic rollover feature to work, make sure that the certificate number range object is set up to use internal assignment. This can be done in IMG using Maintain Number Ranges Certificate Numbers.

Further Information

Time Deposit Account - Overview of Enhancements

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This documentation is copyright by SAP AG.

Length: 6139 Date: 20240419 Time: 210417     sap01-206 ( 155 ms )