Hi Reenu,
yes, in your case with the Fixed-Term Deposit it is enough to use a standard Processing category '00002 - With Settlement' for Product category 510 (see IMG -> ... -> TRM -> Money Market -> Transaction Management -> Transaction Types -> Define Transaction Types -> a field 'Processing category') together with 'Automatic posting release' indicator (see the screenshot attached) - in simple language it means that your 'workflow' will be following:
- step #1 - deal entry - SAP trans. FTR_CREATE - the assigned activity category will be '10 - Contract' - at this stage a deal in saved in the system, however it is not yet possible to carry out further settlement steps for this particular deal, like accounting, etc., as it requires another step in the system - validation, called settlement in SAP terms - this is the next step #2 below;
- step #2 - validation or settlement in SAP terms - SAP trans. FTR_EDIT -> acitivity 'Settle' - the assigned activity category will be '20 - Contract Settlement' - the purpose of this step is to validate that all the data of the deal captured are correct and it is ready for further processing;
- step #3 - further processing, including accounting - posting of flows, EoP, etc. - sometimes called settlement - these activities are allowed only the assigned activity of the deal in question is '20 - Contract Settlement', meaning that system-wise this deal is validated and available for further processing.
Kind regards,
Renatas