Company Code Currencies (OB22): "10" vs. "11"?

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Dear Colleagues,

As we all know, in Parallel Currency configuration in SAP ERP (OB22 transaction) the 1st currency is hard-coded with the following parameters:

- Currency Code = currency of the country

- Exchange Rate Type = "M" (the same worldwide)

- Valuation = "0 Legal Valuation"

This works perfectly for Western European countries and the US who can use Reuters or Bloomberg rates for legal accounting and reporting. Although when we start configuration of the system for a worldwide holding with subsidiaries in Eastern Europe, Asia and across the globe we suddenly realize that this hard-coded is NOT applicable in many countries. Instead we should have 2 currencies set up in an ideal world:

"11" for Corporate reporting:

- Currency code = currency of the country (allowed by Customer)

- Exchange Rate Type = "M" (Reuters or Bloomberg)

- Valuation = "1 Group Valuation"

"10" for Legal reporting:

- Currency Code = currency of the country

- Exchange Rate Type = COUNTRY exchange rate type

- Valuation = "0 Legal Valuation"

Could you advise, please, whether Valuation "0 Legal Valuation" or Valuation "1 Group Valuation" have any specific meaning/specific hard-coded processing in SAP ERP?

Can we have the following configuration:

"10" for Corporate reporting:

- Currency code = currency of the country (allowed by Customer)

- Exchange Rate Type = "M" (Reuters or Bloomberg)

- Valuation = "0 Legal Valuation" <- BUT USED for Corporate Group purposes

"11" for Legal reporting:

- Currency Code = currency of the country

- Exchange Rate Type = COUNTRY exchange rate type

- Valuation = "1 Group Valuation" <- BUT USED for Legal/Statutory purposes???

Thank you very much in advance!!!

Yours Sincerely,

Rashid

UPDATE1: Not that easy - there might be some hard-codings related to "Valuation".

For example, when using Material Ledger аccording to SAP Note 526623: "Exception: For an active multiple valuation, the purchase order price is not translated in other valuation views (group valuation or profit center valuation) if the vendor is an affiliated company; that is, if the field LFA1-VBUND is not initial in the vendor master. In the multiple valuation views, the goods receipt is than evaluated with the current material price. Note 458543 describes how the goods receipt can be valuated in multiple valuation views with the translated net purchase order price, even for affiliated companies (user exit EXIT_SAPLPC32_003)."