Equity Futures-Accounting

[Former Member]

Hi Exprerts

Can anybody list flow of accounting entries for equity futures (sap standard process)

I pass following entries at first stage

Statistical GL Dr/Cr

Busienss Partner Cr/Dr

On maturity , how to reverse this entry. Whether to enter opposite transaction and close the entry or any route available in sap?

Regards

Vimal

[Former Member]

What I understand is by tcode TPM91 , I can automatically close the Open Purhcase and Open Sale position. So if done this way , no need to update opposite transactions. Is it correct ?

Regards

Vimal

[lorenz_sperl]

Hi,

of course Open sale is the opposite of Open purchase

But - depending on the customizing-setting, you can either automatically use in TPM91 e.g. FIFO or do the matching manually.

Regards,

Lorenz

[lorenz_sperl]

Hi,

basically, Futures follow a Open/Close-logic (or - using the Matching-functionality: only Open-Transaction Types closed via TPM91). Futures do not have any Maturity/Delivery-functionality - every open position has to be closed via the opposite (Close) Transaction.

e.g.

TTyp 400 Open Purchase => TTyp 1500 is closed via

TTyp 500 Sale to Close => FTyp 1511

Life-Cycle: FTR_CREATE (FTR_EDIT to settle) Open transaction, TBB1, PMVM (incl. CM or separately via TPM25)

FTR_CREATE (FTR_EDIT to settle) Close Transaction, TBB1, PMVM (incl. CM or separately via TPM25)

Closing (Month-End/Q/Year-End): TPM1

Regards,

Lorenz