What is own securities account in SAP FS-FPS - Financial Products Subledger?

SAP Term: own securities account

• Component: FS-FPS

• Component Name: Financial Products Subledger

• Description: A contract category that represents securities accounts used for the safekeeping of a bank's own securities holdings.

Smart SAP Assistant

• Key Concepts: 
  An own securities account is a type of account in the Financial Products Subledger (FS-FPS) component of SAP. It is used to track the ownership of securities, such as stocks, bonds, and other financial instruments. The account is used to record the purchase and sale of securities, as well as any dividends or interest earned on them. 
  
  How to use it: 
  The own securities account is used to track the ownership of securities and record any transactions related to them. When a security is purchased, the account is credited with the amount paid for the security. When a security is sold, the account is debited with the amount received for the security. Any dividends or interest earned on the security are also recorded in the account. 
  
  Tips & Tricks: 
  It is important to keep track of all transactions related to an own securities account in order to accurately report any gains or losses on the security. It is also important to ensure that all transactions are properly recorded in order to comply with applicable laws and regulations. 
  
  Related Information: 
  The own securities account is part of the Financial Products Subledger (FS-FPS) component of SAP. Other components of FS-FPS include accounts receivable, accounts payable, and general ledger accounts. The FS-FPS component also includes features such as portfolio management, risk management, and compliance management.