Accrual for Interest rate SWAP

i want to know how acrual for Interest rate SWAP works from account assignment point of  view
i would really apprecaite if any1 can give me information or docuents for setting interest rate swap accrul

Hi,
In the case of interest rate swap,  we have to post the accrual/deferral in TBB4.  Here from account assignment point of view, we have to assign the condition type to the product type and the transaction type.  For this condition type we have to assign the flow types.
As far as the account assignment goes, just like normal accrual, we have to post Cr Interest payable account and Cr Interest paid account.  In the case of int rate swap, unlike currency swap, only the interest amounts would be posted and the nominal amount will not be posted to FI.
If you have further doubts please ask me.
Regards
Ravi

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