Tasks to be completed when documenting an operation (from creation to publication)

 1. Enter the Title of the operation / page

2. Add the following Labels : 

    • Scope of applicability: ww, country_accounting 

    • Country or group of countries (if applicable): belux, china, france, italy, lam, nam, uk_ie, bulgaria, dach, netherlands, iberia, poland, latvia, australia, india, japan, south_korea, thailand, singapore

    • Unit and Domain according to the List of labels to be used in the Finance Service Line space

      • E.g. 1: WW Operation in Financial Accounting under domain "Central Finance Processes & Compliance":
        • Labels to be used: ww, financial_accounting, central_fin_proc_compliance

      • E.g. 2: France Operation in Financial Accounting:
        • Labels to be used: country_accounting, france, financial_accounting
          (for country operations, the Domain is always country_accounting)


3. Fill in all fields as described above

 4. Once the description of the operation is completed, ensure it is approved and published by launching the SBS-Finance approval workflow 


Domain: Country Accounting

Responsibility area: N/A

Table of contents 

By default the table of contents displays Heading 1 & Heading 2 (other levels can be added)


Scope

3. Remove the icon when not applicable


ERP

4. Remove the icon(s) when not applicable


Frequency

5. Remove the icon(s) when not applicable


References

6. Add the link to SAP transaction(s) (when it exists)

ZZF_POSTING_FILE


Forms

7. Insert the links accordingly and change the link text with the OP name


Attachments



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1. Objective and Scope

1.1. Objective of this Operation

Book every month the interests regarding the loan of $160M between 5782 and 6294 in both sides. 

1.2. Scope

This procedure applies to company 5782.


2. Definitions

See Finance Glossary:


3. Tasks description

A loan contract was done between companies 6294 and 5782. The lender (6294) grants to the borrower (5782) a credit facility of $ 160.000.000,00 USD and bearing a annual interest rate of 5,76%. The interest is calculated on the basis of the interest rate for each interest period. 

For that reason, an entry must to be done monthly in order to book the interests accrual of the period. A debit is performed in account 6500030000 with cost center ND46000000 and a credit in the account 2720106294, the trading partner 6294 also must be informed.

3.1. Responsibilities

CAM Responsibilities: 

  • Send the figures that needs to be posted every month.

Finance Operations Responsibilities: 

  • Perform the entry and inform the CAM.

3.2. Periodicity

This procedure is done until D-3. 

3.3. I retrieve and upload the data

Monthly Finance Operations receives by ticket the figures to be posted in 5782 and 6294 sides. The Curitiba team only post the 5782 side.

In order to perform the posting, open the templated created in SAP - LOANSSP, and fill the following fields as in the image below, attention to the fields in yellow, that change monthly:


Fieldinformation 
Company Code5782
Header TextInterests Loan 160MUSD
Doc & Posting Datedate of the entry
Posting Key & G/L account40 - 6500030000
50 - 2720106294
Amount Doc curupdated monthly
B.A.8590
Cost centerND46000000
Trading Partner6294
AssignmentLoan 5782-6294
Text

6294 Loan agreement MM.01.20XX-MM.31.20XX 


3.4. I inform that the process was performed

I inform the CAM that the process was performed through BMC Helix.

5782 CAM - Michael Ruane  - michael.ruane@solvay.com


End of document.