Download - AC820 - Securities Management
AC820 Securities Management AC820
Release 46D 09/25/2005
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
© SAP AG 1999
AC820 Securities Management
AC820AC820
Securities ManagementSecurities Management© SAP AG
R/3 System Release 4.6B May, 2000 Material number: 5003 6317
© SAP AG 2002
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.
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Copyright
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© SAP AG 1999
Treasury
Treasury Overview
AC030 3 days
Level 2 Level 3
Financial Accounting and Reporting
AC010 5 days
Cash Budget Management
AC215 1 day
Basic Functions inTreasury Management
AC810 3 days
Cash Management
AC805 3 days
Money Market, Foreign Exchange and Derivatives
AC825 3 days
Loans Management for Financial Services
AC815 5 days
Loans Management forCorporates
AC816 3 days
Securities Management
AC820 4 days
Market Risk Management
AC830 3 days
© SAP AG 1999
Class Master Data: Create Convertible Bond
ID number Convertible bond 99/03118900
Basic data
IssueIssuer
Nominal value
...
Conversion
Reference security
100
Premium
Amount
Currency UNI
Conversion period
From
To
Conversion ratio
Numer.
Denom.
2
1
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.
- Conversion premium: The amount to be paid for each stock in the case of a conversion.
© SAP AG 1999
Exercise: Settle Transaction
© SAP AG 1999
Example: Trader; Possible Entries
Per company code:
1) Define traderCustomizing
2) a) Assign trader name to the userdefault for transaction entry
b) Rename the possible entries “M” and “T” forthe user, if required
Customizing
3) Authorize trader for transactionsApplication
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.
© SAP AG 1999
Transaction flow type Direction SEC flow type0100 Outflow 10000200 Inflow 20000301 Outflow 30010302 Outflow 30020305 Outflow 30050306 Outflow 30060308 Outflow 30080311 Outflow 30110312 Outflow 30120870 Inflow 87010870 Outflow 8702
Assign Transaction Flow Types to Securities Flow Types
You assign the transaction flow types to the securities flow types.
© SAP AG 1999
Define Derivation Procedure
Proc. Description
ZAST Tax 1/Tax 2
Define Derivation Rules
Eff. from Inc. flw D Deriv. flow D Percent
01/01/YY 0200 + 0306 - 3001/01/YY 0306 - 0308 - 7.501/01/YY+1 0308 - 0308 - 5.5
Derived Flows: Customizing
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 %
© SAP AG 1999
Nominal interest (flow type 5000) 12,000
5000: Receivables to revenue 12,000
1) Automatic postinga) 5000: Receivables to revenue 12,000
b) 6000: Bank clearing to receivables 12,000(Flow type 6000: Nominal interestfrom incoming payments)
2) Bank statementBank to bank clearing 12,000
3) Incoming payment6000: Bank clearing to receivables 12,000
P
P I
I
P
P
Automatic Posting II: Nominal Interest - Example
Two-step procedure: Example: Nominal interest due Flow type 5000: Nominal interest Flow type 6000: Nominal interest from incoming payments
© SAP AG 1999
Subscription Subscription rights in positionrights in position
Post
Purchase SubR Sell SubR
New stocks in positionNew stocks in position
Exercise SubR
Capital Increase: Subscription Rights - Overview
New stockNew stock
Pos. indicatorPos. indicator
Subscription rightSubscription rightBasic dataBasic data
Pos. indicatorPos. indicatorNew stockNew stock
Basic dataBasic data
(Conditions)(Conditions)
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.
© SAP AG 1999
Posting logPosting log
222 222: 194200 to 133000 5,357.15
333 333: 133020 8,357.15
to 194200 5,357.15to 113105 3,000.--
: 150 units at 35.72 UNI at asubscription price of 100 UNIper new stock
SubR sales: 50 unitsSubR purchases
Subscription rights posted
Exercise subscription rights
Capital Increase: Exercise Subscription Rights
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.
© SAP AG 1999
Posting logPosting log
111 111 40 133020 8,357.15 UNI D50 194200 8,357.15 UNI C
333 333 40 194200 8,357.15 UNI D50 133020 8,357.15 UNI C
Axx
Bxx
PostNewNewstockstock
ID no.ID no.333 333333 333
OldOldstockstock
ID no.ID no.111 111111 111
PK Account Amount
Capital Increase: Transfer New Stock
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).