Hi,
Product type 62A is interest rate swap. Suppose a company issues a variable rate bond where it has to pay periodic interest based on a benchmark interest rate (say, LIBOR). To hedge its risks, it may parallely enter into an interest rate swap transaction with a bank where it pays bank a fixed interest rate and gets from bank variable rate based on that benchmark; for the same nominal amount (principal of the bond).
Account assignment reference is used as a criterion for account determination. In Account determination, where GL account is assigned to account symbol, you will see a column for account assignment reference; so different GL accounts can be assigned to different account assignment references. Account assignment reference is determined by derivation rules; an example of a derivation rule may be if business partner is BP1, product type is 62A, transaction type is 300, then account reference would be AAREF1. It can get a bit more complex with grouping etc. but usually it would be a simple condition as defined above.
To see what was the account assignment reference derived for a transaction, display the transaction and go in Environment-Positon Indicator.
Look for config for account assignment reference determination derivation rules under:
Link to Other Accounting Components
Define Account Assignment Reference Determination (OTC Transactions)
Define Account Asst Reference Determination (Securities/Listed Derivatives)
Manish
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