Money Market Mutual Fund Management (2UN)

The scope item helps you to better manage your Money Market Mutual Fund instruments.

The Money Market Mutual Funds (MMMF) are traditionally traded at a stable 1.00 Currency Unit. An SEC rule in the U.S. for investment companies requires the MMMFs to declare their Net Asset Value (NAV) to be floating on a daily basis. This scope item incorporates the processes to manage both traditional and floating NAV MMMFs.

The scope item covers the processes to create a securities class, and to purchase, bookkeep, and receive dividends of and sale of a money market mutual fund.

Key Process Steps Covered

• Create security account and class
• Create fund purchase transaction
• Set settlement status
• Create payment to depository bank
• Recognize dividend distribution
• Capitalize dividend distribution
• Perform period-end closing
• Create fund redemption transaction
• Receive payment from depository bank

Benefits

• Review the status for Money Market Mutual Fund instruments easily
• Support the management of Money Market Mutual Fund, including creation of security class, security accounts and the transactions, payments, recognize and capitalize dividend distribution, and so on
• Make better operational and strategic decisions using the comprehensive reporting and analysis tools
• Improve internal operational compliance

Where is Money Market Mutual Fund Management(2UN) being used?

This Scope item is used in the following way:

• As a support function of Treasury Management within Finance Scope Item Group

Process flow of Money Market Mutual Fund Management (2UN)

• Best Practices of SAP S/4HANA On Premise *1
• Best Practices of SAP S/4HANA Cloud *2
• Best Practices of SAP Analytics Cloud *2
• Best Practices of Robotics Process Automation(RPA) with SAP Leonardo *2

• RISE with SAP
• SAP S/4HANA Cloud
• SAP on Azure
• Business Process Management