INTEREST CALCULATION METHOD (IS-B) title: interest calculation method (IS-B) (SAP Library - Glossary)
INTEREST CALCULATION METHOD (IS-B) category: Bank Components (IS-B)
INTEREST CALCULATION METHOD (IS-B) explained:
A calculation rule that defines how many days between two dates are included for the calculation of interest. In mySAP Banking the following interest calculation methods are supported: act/360, act/365, act/366, 360/360, 360E/360, act/actP, act/actY, actW/252.
For method act/360, for example, a year is counted as having 360 days and the number of calendar days between two dates is used.
More terms such as interest calculation method (IS-B) in Dictionary I.
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