What is secondary business transaction in SAP FS-BA-PM-AFP - Accounting for Financial Products?

SAP Term: secondary business transaction

• Component: FS-BA-PM-AFP

• Component Name: Accounting for Financial Products

• Description: Internal business transaction that is calculated by one of the following processes: Update of secondary business transactions Key date valuation Year-end closing

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• Key Concepts: 
  Secondary business transactions are a type of financial transaction in the SAP FS-BA-PM-AFP Accounting for Financial Products component. They are used to record the effects of financial instruments, such as derivatives, on the balance sheet. Secondary business transactions are used to record the effects of changes in the value of financial instruments, such as interest rate swaps, on the balance sheet. 
  
  How to use it: 
  Secondary business transactions can be used to record the effects of changes in the value of financial instruments on the balance sheet. This includes recording changes in the value of derivatives, such as interest rate swaps, and other financial instruments. The secondary business transaction is used to record the effects of these changes on the balance sheet. 
  
  Tips & Tricks: 
  When recording secondary business transactions, it is important to ensure that all relevant information is included. This includes details such as the type of instrument, the amount of change in value, and any other relevant information. It is also important to ensure that all relevant accounting entries are made correctly. 
  
  Related Information: 
  For more information about secondary business transactions and how to use them in SAP FS-BA-PM-AFP Accounting for Financial Products, please refer to SAP's official documentation.