What is 'clean price' in SAP FIN-FSCM-TRM - Treasury and Risk Management?

clean price - Overview

• Component: FIN-FSCM-TRM

• Component Name: Treasury and Risk Management

• Description: Price of a financial instrument after accrued interest and interest to be accrued have been deducted.

clean price - Details

• 
  Key Concepts: 
  Clean price is a term used in the SAP Treasury and Risk Management (FIN-FSCM-TRM) component. It is the price of a financial instrument without any accrued interest. Clean prices are used to calculate the present value of a security or other financial instrument. 
  
  How to use it: 
  Clean prices are used to calculate the present value of a security or other financial instrument. This is done by subtracting the accrued interest from the market price of the security. The resulting clean price can then be used to calculate the present value of the security. 
  
  Tips & Tricks: 
  When calculating the present value of a security, it is important to use the correct clean price. This will ensure that the present value calculation is accurate and reflects the true value of the security. 
  
  Related Information: 
  The clean price of a security can be found in various sources, such as Bloomberg or Reuters. Additionally, some financial institutions may provide clean prices for their securities. It is important to ensure that the clean price used in a present value calculation is up-to-date and accurate.