Trade Confirmations

Hi Treasury Experts,
We are currently creating FX Forward Transactions in Transaction Management via FTR_CREATE. The trades will first be concluded with the banking partner and then created in SAP. Currently our trades are setup to have a Transaction Processing category of Contract -> Settlement. There will not be any trade confirmations swapped automatically with the bank. Instead documentation details of the trades will be sent to a central administrator in-house. That person will then check against the existing trades in SAP. If the trades exist the administrator will manually confirm these in SAP.
Currently the only way we have found to do this in SAP is by using the Settlement button function (in FTR_EDIT). The administrator will first need to view a standard report of trades and check which trades are not in 'Settled' status (ie those that are in 'Contract' status). They will then cross-check these trades back against the documentation from the bank. If the trades exist at the bank they will then Settle these trades using FTR_EDIT -> Settlement. Any trade that now has status settled will be deemed to have been checked and confirmed as a valid trade existing with the banking partner.
The problem with this approach is:
- only the Administrator should have the authority to Settle/Confirm a trade. Since the FTR_EDIT is a transaction that several other users (eg a Trader or Treasury Manager) will need for options such as to change or roll etc but not have the ability to Settle/Confirm a trade, it means we have to create a new ZFTR_EDIT transaction where we remove the 'Settle' option. These users will then be given the ZFTR_EDIT transaction and have the FTR_EDIT transaction removed. Only the Administrator will get the FTR_EDIT transaction
  - in the current legacy Treasury system, there is one user friednly report that the users can runn. It will show which trades have yet to be confirmed and also have a button which the user can tick to directlly confirm tha trade. This is much easier than having to run a separate report on SAP and then run a2nd transaction ( FTR_EDIT)  to settle/confirm the trade. There is also the addtional work around creating and maintianing a Z transaction and managing the secuirty around ZFTR_EDIT vs FTR_EDIT.
  - it is also quite surprising that SAP does not have a readily-available 'Confirmation' option available for any experienced Treasury users.
Can you advise whether there is a better process for doing this in SAP? Is there an alternative transaction or method of custmizing that can be used to facilitate an 'internal' confirmation in line with the process outlined above?
Thanks for any guidance/advice you can offer here.
Regards
Mike

Hi,
isn't there a way through the Authorizations-concept to only allow "Settlement"-function to the dedicated User?
Please check Auth.Obj. T_DEAL_PD (Auth.Fields: ACTVT and TRFCT).
I assume, you do not want/plan to use the Correspondence-functionalitiy...
Regards,
Lorenz

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    In the meantime, the flimsy shipping materials had arrived for the trade-in program. There was no way I was going to put our iPhones in the thin unprotected paper mailing pouches without any protection. Regardless, I rolled the dice & sent the phones in after ensuring that all the steps had been followed to the letter. In addition, I put hard, but thin cardboard on the front & back of each phone, then a wrap of small bubble wrap, taped it securely, & into the shipping pouches they went. In addition, I made a video demonstrating the functionality of each phone as well as packing them up with the cardboard & bubble wrap. I even wrote the submission ID’s on a post-it note applied to the front of each phone. By the way, you have to use the shipping materials they send you; else, you won’t get anything for your phone & they won’t return it either. READ THE TERMS! All the risk is with you - the customer, though it shouldn’t be that way. I shipped them off on 11/3/14. They use USPS & there’s no tracking number. You just cross your fingers & hope your phone(s) makes it to the trade-in center.
    I nervously started checking trade-in statuses on-line daily until finally on 11/21/14 both iPhones showed a status of a Final Trade-in Value of $200 each. I asked my son-in-law to start checking his email for the gift cards. He’s an IT engineer, so he was well aware to check spam as well.
    I patiently waited until 8-weeks had passed since seeing that the phones had been approved for $200 each, though the phones had actually been sent in for about 11-weeks. So now it was time to talk with someone about the status of the gift cards. This is where the ‘fun’ began. The following is a log of the communications I had with trade-in rep’s & store rep’s. This was one of the most frustrating things I’ve had to deal with in a long time. A root canal is quicker & less painful! Next time, I think I’ll simply eBay the phones. I suspect they just want you to give up trying to get your gift cards. Alternatively, Verizon should’ve simply done the trade-in at the stores. Some customers were able to do this, but there was a very short deadline and with no iPhone 6’s in-stock, this was impossible for most customers since some of the estimated deliveries were all the way out to December 2014.
    BTW, none of the store or trade-in rep’s I spoke with was rude in any way. They all appeared to want to help resolve this issue. All in all, this was like having to talk repeatedly with the IRS or DMV. It was very agonizing.
    1/16/15 (8th week to the day since trade-in was approved for $200 each):
    I stopped by the local Verizon store to see if they could help with the late gift card issue. Brandi assisted & called the trade-in number. One gift card was sent to my son-in-law’s email on 11/20 & the other was sent on 11/25. They said they would reissue them. My son-in-law never received them.
    1/25/15 (9th week since trade-in was approved for $200 each):
    Per the trade-in rep I called this afternoon said that a Verizon rep can see the gift card numbers with PINs on the account at the store. I stopped by the Verizon store again to see if they could help with the late gift card issue. Caleb assisted & called the trade-in number. He found that gift card reissue was in process, which can take up to 10 business days. The 10th business day would be 2/2. Caleb gave me his card so that I can call him directly in case there's still a problem then. BTW, they can’t see the gift card numbers on the account. They were confused by the trade-in rep’s statement regarding this.
    2/5/15 (11th week since trade-in was approved for $200 each):
    Tried to call Caleb, but his mailbox is full (shocker!). So, I decided to call the trade-in phone number again today at 5:30p. After waiting about 20 minutes, John answered. I retold the whole story to John. It sounded as if John really wanted to help. So he put me on hold for about two minutes. When he came back, he supposedly could not hear me. I was screaming at the phone! My new Verizon iPhone 6 was not muted, & I tried both speaker on & off with no luck. John ended up hanging up on me! So I decided to call back immediately. After another 15 to 20 minute wait, Kayla answered my call. After I retold the whole story to Kayla, she magically was able to give me both gift card numbers; however, the PIN numbers would be emailed to my son-in-law’s email address within 24 hours.
    2/8/15 (11th week since trade-in was approved for $200 each):
    Well, no PIN numbers showed up on my son-in-law’s email yet, so I decided to call again this evening. I actually got a human, Jasmine, on the first try & didn't have to wait at all. She put a request into the warehouse, whatever that means, to resend the gift cards again. I told her I've been told that it could take anywhere from 30 days to 10 days to 24 hours, but she said this would take 5 to 7 business days. She went on to give me her employee number and said to call the number back after 7 business days if I had not received the gift cards and that I could reach her directly using her employee number.
    2/9/15: (11th week since trade-in was approved for $200 each):
    My son-in-law actually received a $200 gift card for the iPhone 4S! I’m still waiting for the $200 gift card for the iPhone 4. Applied all $200 to account.
    2/18/15 (12th week since trade-in was approved for $200 each):
    Called the trade-in number and asked the rep to put me in contact with Jasmine whose employee number I had. He transferred me; however, it sounded like they connected me to a fax number or something. Frustrated, I called back immediately and spoke with Zach. I told him the whole story & asked about the gift card for the iPhone 4. He said he just put in the request to email the card out again and to allow anywhere from 5 to 7 business days for it to arrive.
    02/24/15: (13th week since trade-in was approved & 16th week since phones were shipped to the trade-in facility):
    Finally received the 2nd gift card! Validated the $200 gift card value on-line.
    ~~~ THE END ~~~

    Holy cow... That was a marathon as opposed to a sprint....  Since the iphone has such a good resale value, I agree - next time ebay.
    i Am glad you finally got the cards.  They should just credit the account.
    As I see the same complaint on AT&T forum, the trade in programs are flawed, universally. 

  • Do any one know how much it is to get the new ipod touch with the camera if you trade in your old ipod touch?

    do any one know how much it is to get the new ipod touch with the camera if you trade in your old ipod touch?

    Sounds like you need a new battery.  I would make an appointment at the Genius Bar of an Apple store to confirm.  Apple will replace the battery for $79.  A third-party place like the folloing may be less expensive.  Google for more places.
    iPhone Repair, Service & Parts: iPod Touch, iPad, MacBook Pro Screens
    You can also replace it yourself if you are so inclined.  For parts and instruction:
    iFixit: The free repair manual

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