Money Market - Difference in Nominal Amount and Amount in Position Currency

[Former Member]

Hi All,

When I am viewing my Fixed Deposit in TPM12, derived flow (WHT) amount is not added in Nominal Amount - Interest Capitalization however it is included in Amount in Position Curency - Interest Capitalization(Column 4).

This causes to show the diferrence in Nominal and Position currency Amount.

Any pointers if any specific thing missing in customizing.

I am using USGAAP acc principle.

Kindly help...

[Former Member]

Please try with Position change category under

General Settings
Accounting
Settings for Position Management
Set the Effects of the Update Types on the Position Components

Assign your withholding tax update type to appropriate Position change category; I think it should  be one of 1010/1011/1014/1015.

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Mani

[Former Member]

Thanks Mani for your reply.

There is no PCC assigned for WHT update type.(and this is same in my legacy 4.7 and working fine but now in ECC6.0 it's showing up differently)

The WHT calculation is fine but only noticeable thing is that in TPM12 the Nominal Amount shown include Interest only while in Positional currency amount it shows up Interest + WHT. Why so? ince only INR is used.Any idea?

Kindly advice...

[Former Member]

Hello Riyaz,

Add a PCC entry for that update type as per previous post. It should work. That entry does not control calculation of WHT but how it affects book value.

I don't know why it is working fine in 4.7, may be 4.7 and 6.0 work differently in that aspect.

Mani