What is intraday reference interest rate in SAP IS-B - SAP for Banking?

SAP Term: intraday reference interest rate

• Component: IS-B

• Component Name: SAP for Banking

• Description: Bank Components Reference value for yield curve, the saving of which in the interest table occurs time-dependently.

Smart SAP Assistant

• Key Concepts: 
  Intraday reference interest rate is a feature of the IS-B SAP for Banking component. It is a rate that is used to calculate the interest on intraday credit balances. This rate is determined by the bank and is used to calculate the interest on intraday credit balances. 
  
  How to use it: 
  The intraday reference interest rate can be used to calculate the interest on intraday credit balances. The rate is determined by the bank and can be set in the system. The interest rate can then be used to calculate the interest on intraday credit balances. 
  
  Tips & Tricks: 
  It is important to ensure that the intraday reference interest rate is set correctly in order to accurately calculate the interest on intraday credit balances. Additionally, it is important to keep track of any changes in the rate as this could affect the calculation of interest. 
  
  Related Information: 
  The intraday reference interest rate is related to other features of IS-B SAP for Banking such as liquidity management, cash management, and payment processing. It is important to understand how these features interact with each other in order to ensure that the system is functioning correctly.