Fixed Deposit Transactions for Business Partner - Minor-Guardian

Hello,

We are implementing Fixed Deposit Accounting in Money Market through Treasury & Risk Management.

I need some understanding on

1) How Fixed Deposits from MINOR has to be treated. I have created a MINOR as a Business Partner and a Guardian as a BP and a Customer and have related the Minor BP to the Guardian BP. Legally, a Minor cannot enter into a contract. As per my understanding, in this case, the FD has to be created with the Guardian BP. Is this correct?

2) Will SAP allow creation of FD with a Minor?

The Guardian has been assigned the role of Counterparty and the Minor has been assigned the role of Beneficiary.

Request your views on the above with further documetation, if any.

Regards,

Murtuza.

+91 99232 05169.