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Executable Rights ( RELNTRTM_46A_SE_RECHTE )
PERFORM Short Reference Fill RESBD Structure from EBP Component StructureThis documentation is copyright by SAP AG.
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Executable Rights
Scope of Functions
As of Release 4.6A, the function for executing securities rights has been completely revised. The table below contains an overview of all the new features for 4.6A.
| Already available for 4.5B | New for 4.6A |
|---|---|
| Equity warrants | Equity warrants |
| Call with cash settlement or | Put with cash settlement or |
| delivery | delivery |
| Bond warrants | Bond warrants |
| Call with delivery | Call with cash settlement |
| Bond warrants | |
| Put with cash settlement or | |
| delivery | |
| Index warrants | |
| Call or put with cash settlement | |
| Currency warrants | |
| Call or put with cash settlement | |
| Subscription rights | |
| Perc.-quot. convertible bonds | Unit-quoted convertible bonds |
| Perc.-quot. warrant bonds | Unit-quoted warrant bonds |
| Stock swap | |
| Giving notice on bonds by | |
| the issuer or holder |
Stock Swap
The securities rights function now also supports stock swaps. You can now also define swap offers for a certain swap ratio including a settlement payment in the class master data of a stock. This situation is occurring more frequently in take-over bids.
Giving Notice on Bonds
You can define both the option for the issuer to give notice (callable bonds) and the option for the bondholder to give notice (puttable bonds). The notice is valid within a certain notice period for a certain notice price (unit-quoted bonds) or for a certain notice rate (percentage-quoted bonds).
Executing Security Rights
The following previous functions have now been replaced by a single function:
- Exercise warrant
- Detach warrant bond
- Exercise subscription right
- Exercise convertible bond
Call up the function in the application menu for the securities area by choosing Trading -→ Security right -→Exercise.
This function enables you to exercise all security rights. You can navigate between the rights categories (warrants, subscription rights, warrant bonds...) using a tree structure.
Reversing Security Rights
The function for exercising security rights also has its own reversal function. Call it up in the application menu of the securities area by choosing Trading -→ Security right -→ Reverse.
Special Features:
It is no longer necessary to enter the option category (call/put) and the settlement type (cash settlement/delivery) when you create class master data for warrants. You must, however, specify the option category and settlement type at the latest when you exercise the warrant.
The option 'expiration of a warrant' is also provided when you exercise the warrant. This is particularly useful if exercising the warrant does not lead to a positive result and the warrant expires without having been exercised.
Effects on Data Transfer
To exercise already existing security rights (in other words, class master data already exists), you first have to start the report program 'RFVWERMR'.
Effects on Customizing
- Define the following flow types for flow categories in Customizing for the securities area by choosing 'Define Flow Types'.
- AER (debit)
- SER (credit)
- XER (debit & credit)
- XAER (debit & credit)
- XDER (debit & credit)
- KER (debit & credit)
- XEER (debit & credit)
- XFER (debit & credit)
- CER (debit & credit)
- CFER (debit & credit)
- XCER (debit & credit)
- You also have to assign the flow types to the relevant flow categories in Customizing for securities by choosing 'Assign Flow Types to Flow Category' for the condition group 000.
rdisp/max_wprun_time - Maximum work process run time Addresses (Business Address Services)
This documentation is copyright by SAP AG.
Length: 6445 Date: 20240523 Time: 063127 sap01-206 ( 65 ms )
