This transaction is used to maintain reference interest rates.

The definition of interest rates is required for interest calculation when processing business transactions like import finance, purchasing and discounting. This interest calculation requires the definition of interest rate types which then can be implemented in rule definitions for the respective interest calculating transaction.

The following transactions can be started from here by clicking the icons in the list below for:

• Adding a Reference Interest Rate
• Modifying Reference Interest Rate
• Deleting Reference Interest Rate
• printing interest rate(s).
• creating Reference Interest Rate List
• showing the Version Log of the modifications to the interest rate(s).
• Joint Close of Reference Interest Rate of interest rate(s).

For variable interest rates such as a successor of LIBOR, a validity period may be stated in days. This validity period will then apply from the date at which the interest rate is entered. If no validity period is indicated, the interest rate will apply until a more current interest rate is recorded. If the validity periods are changing, the previous entries have to be jointly closed.

Reference Rates