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.
+91 99232 05169.