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AC820 Securities Management.....................................................................................................................................0-1 Copyright ..................................................................................................................................................................0-2 Treasury ................................................................................................................................................................0-3 Class Master Data: Create Convertible Bond........................................................................................................0-4 Exercise: Settle Transaction ..................................................................................................................................0-5 Example: Trader; Possible Entries ........................................................................................................................0-6 Assign Transaction Flow Types to Securities Flow Types ...................................................................................0-7 Derived Flows: Customizing.................................................................................................................................0-8 Automatic Posting II: Nominal Interest - Example...............................................................................................0-9 Capital Increase: Subscription Rights - Overview ..............................................................................................0-10 Capital Increase: Exercise Subscription Rights...................................................................................................0-11 Capital Increase: Transfer New Stock.................................................................................................................0-12
AC820
Securities Management
SAP AG 1999 SAP AG
R/3 System Release 4.6B May, 2000 Material number: 5003 6317
Copyright
Copyright 2002 SAP AG. All rights reserved. No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP AG. The information contained herein may be changed without prior notice. All rights reserved.
SAP AG 2002
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Treasury
Level 2 Level 3
AC815 5 days Loans Management for Financial Services AC816 3 days Loans Management for Corporates AC820 4 days
AC030
3 days
Treasury Overview
Securities Management AC825 3 days Money Market, Foreign Exchange and Derivatives AC830 AC805 AC010 5 days 3 days 3 days
Market Risk Management Cash Management AC215 Cash Budget Management 1 day
SAP AG 1999
Conversion Reference security Premium Amount Currency UNI Conversion period From To Conversion ratio Numer. Denom. 2 1
SAP AG 1999
Class master data for convertible bonds consists of basic data, conditions, and additional entries. Selected fields in the basic data screen for convertible bonds are explained below: Reference security: The security that can be used as a reference for the conversion. - Conversion period from/to: Period in which conversion is possible. - Conversion ratio numerator / Conversion ratio denominator: The Conversion ratio - numerator tells you how many units of nominal value of the bond are required to convert it into the given number of stocks in Conversion ratio - denominator. Example: A nominal value of (2 x 100) 200 UNI is converted into 1 stock. The amount to be paid for each stock in the case of a -
SAP AG 1999
2)
SAP AG 1999
You can use the above procedure to define trader data as default values in the entry screens (for individual activity categories) depending on the settings for the particular user. If you want to set up your system so that the entry from the trader-user assignment can no longer be changed, set the "Trader" field to "Display" in the field selection control.
Transaction flow type 0100 0200 0301 0302 0305 0306 0308 0311 0312 0870 0870
Direction Outflow Inflow Outflow Outflow Outflow Outflow Outflow Outflow Outflow Inflow Outflow
SEC flow type 1000 2000 3001 3002 3005 3006 3008 3011 3012 8701 8702
SAP AG 1999
You assign the transaction flow types to the securities flow types.
Eff. from
Inc. flw
D + -
D -
SAP AG 1999
In Customizing you first define a derivation procedure by assigning a name to it. You then define the Derivation rule for each derivation procedure. Here, you have to enter the following: - the initiating (incoming) flow (type) - the direction of the initiating flow - the flow (type) to be derived - the direction of the derived flow - the amount of the derived flow in relation to the initiating flow in %
12,000 12,000 P
12,000 12,000
I P
b) 6000: Bank clearing to receivables (Flow type 6000: Nominal interest from incoming payments)
12,000
P 12,000
SAP AG 1999
Two-step procedure: Example: Nominal interest due Flow type 5000: Nominal interest Flow type 6000: Nominal interest from incoming payments
Exercise SubR
SAP AG 1999
You post subscription rights for all the securities accounts in a company code. Before you can post subscription rights, you have to enter class data and position indicators. When you trade subscription rights, you purchase additional new subscription rights, if required, or sell existing rights (you enter the data in transaction management). You exercise the resulting subscription right position. When you exercise subscription rights to obtain new stocks, you first have to enter the class master data and the position indicator for the new stock.
: 150 units at 35.72 UNI at a subscription price of 100 UNI per new stock
SAP AG 1999
You exercise subscription rights for all the securities accounts in a company code. To follow selective strategies for individual securities accounts, you can first transfer, sell, or purchase additional subscription rights. When you exercise subscription rights, new stock is added to your position. You post new stocks at the value of the corresponding subscription rights and the subscription price paid. Example: - Sale of 50 subscription rights. Subscription rights position: 150 units at 35.71 UNI *. - Exercise 150 subscription rights to obtain 30 new stocks (subscription ratio 5:1) with an additional payment of 3,000 UNI (subscription price 100 UNI per new stock). Exercise subscription rights (take subscription rights off books) (ID number 222222) at [150 x 35.71]* = 5,357.15 UNI *. Post the new stocks (ID number 333333) at [5,357.15 + 30 x 100] = 8,357.15 UNI *.
* Rounding difference; the system uses the exact values for calculation.
New stock
A
Post
B xx xx
Old stock
ID no.
ID no.
333 333
111 111
Posting log PK 111 111 40 50 40 50 Account Amount 133020 194200 194200 133020 8,357.15 UNI D 8,357.15 UNI C 8,357.15 UNI D 8,357.15 UNI C
333 333
SAP AG 1999
As soon as you have brought the new stocks into line with the old stocks, the new stocks lose their status and are assigned to the old stocks position. When you transfer a new stock, it is automatically assigned the ID number of the old stock. After you select the new stocks at company code level, all the positions of this class are displayed in all the securities accounts of the company code. You then make the transfer posting within the outgoing payments securities account. The transfer is recorded in a posting log.
Example: You transfer 30 new stocks (ID number 333333) at a book value of 8,357.15 UNI to the old stocks position (ID number 111111).