What is intraday costing in SAP IS-B - SAP for Banking?

SAP Term: intraday costing

• Component: IS-B

• Component Name: SAP for Banking

• Description: Bank Components A calculation based on yield curves whose markers represent time-dependent reference interest rates.

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• Key Concepts: 
  Intraday costing is a feature of the IS-B SAP for Banking component that allows for the calculation of costs associated with transactions that occur within a single day. This feature enables banks to accurately track and manage their costs in real-time, allowing them to make more informed decisions. 
  
  How to use it: 
  In order to use intraday costing, banks must first configure the system to recognize the different types of transactions that occur within a single day. Once this is done, the system will automatically calculate the costs associated with each transaction and display them in an easy-to-read format. Banks can then use this information to make more informed decisions about their operations. 
  
  Tips & Tricks: 
  It is important to ensure that all transactions are properly categorized in order for intraday costing to be effective. Additionally, banks should regularly review their intraday costing data in order to identify any potential issues or discrepancies. 
  
  Related Information: 
  Intraday costing is closely related to other features of the IS-B SAP for Banking component, such as liquidity management and risk management. Banks should consider how these features can be used together in order to maximize their efficiency and profitability.