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Former Member
Nov 10, 2010 at 10:34 AM

Fixed Deposit Transactions for Business Partner - Minor-Guardian



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.



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