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Former Member
Jun 26, 2012 at 06:28 PM

Netting of incoming and outgoing sides of the interest payments of an interest rate swap

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Hi,

We would like to get a posting of the net interest payments of an

interest rate swap in F111 using payment requests to G/L accounts.

For that purpose, we have set up payment methods for outgoing and

incoming payments as well as bank clearing accounts for outgoing and

incoming transfers. We have also set up payment details in the

Business Partner as standing instructions with the payment methods and

payment requests via G/L accounts.

However, in F111 we get separate postings for both legs of the swap

payments as follows:

Incoming side – 10,000 USD

40 Bank clearing - Incoming payments

50 Payment request clearing

Outgoing side – 11,000 USD

40 Payment request clearing

50 Bank clearing – outgoing payments

What we would like to get based on the amounts in the example is the

following entry:

Outgoing payment – 1,000 USD

40 Payment request clearing

50 Bank clearing – outgoing payments

Do you know a way around this?

Regards

Marco Cubillas