External Quotation Interface

7/28/2019 External Quotation Interface

1/4

External Quotation Interface

Use

The external quotation interface automatically makes real-time market dataavailable forFormula and Average Pricing (F&A Pricing). The interface

accesses and accepts published prices, rates, and commodities from providers

of financial information, such as Reuters, Platts, or Telerate.

Every data provider uses different notations or ticker symbols for retrieving

market data. The R/3 System also uses different notations. The translation table

makes it possible for notation requests from the R/3 System to be converted

into requests the data providers can interpret, and vice versa. The external

quotation interface sends requests for market data to an external interface

program and the data provider returns price information. The market databuffer in the R/3 System contains the last market data relating to a single

request. A new request overwrites the previous one.
http://help.sap.com/saphelp_oil472/helpdata/en/b7/ccad106baed44db5c0d024838f552c/content.htmhttp://help.sap.com/saphelp_oil472/helpdata/en/b7/ccad106baed44db5c0d024838f552c/content.htmhttp://help.sap.com/saphelp_oil472/helpdata/en/b7/ccad106baed44db5c0d024838f552c/content.htmhttp://help.sap.com/saphelp_oil472/helpdata/en/41/e28250cfe311d2a64e0000e83ddb0f/frameset.htmhttp://help.sap.com/saphelp_oil472/helpdata/en/b7/ccad106baed44db5c0d024838f552c/content.htm


2/4

Integration

The IS-Oil System uses the R/3 Treasury Realtime Datafeed (TR-DF) function

to request and receive market data from providers of market data.

Prerequisites

To use the external quotation interface, an appropriate interface program mustbe in operation. The interface program is a third-party software program

supplied by a data provider. The third-party interface program must use a data

exchange format that is compatible with TR-DF function.

The following customizing is necessary before you can request market data

using the external quotation interface:


3/4

Set up the data provider connection

You must enter the name of the data provider to be used. In Customizing

choose TreasuryTreasury ManagementBasic FunctionsMarket Data

ManagementDatafeedTechnical SettingsDefine datafeed name.

You must define all the logical links between the external partner program of

the datafeed provider and your R/3 System. These logical links are called RFC

destinations and are used to establish a connection and download data from the

data provider's system. In Customizing choose TreasuryTreasury

ManagementBasic FunctionsMarket Data

ManagementDatafeedTechnical SettingsDefine RFC destination.

For each mode of communication (synchronous and transactional), you define

the name of the external function, the RFC destination and, if applicable, the

backup RFC destination (optional).

You must set up a (Remote Function Call) RFC connection to the data

provider. In Customizing choose TreasuryTreasury ManagementBasic

FunctionsMarket Data

ManagementDatafeedTechnical SettingsRFC Settings for External

Partner Program Assign Datafeed RFC Destination.

Defining the quotation data

You must define the various types of quotations used in F&A Pricing. Thequotation type together with the quotation source is used to define a specific

quotation. In Customizing for IS-Oil Downstream chooseMAPFormula &

Average PricingDefine quotation types.

You define the sources from which quotation data is collected by entering the

name of the quotation source and the user exit routine used to retrieve price

quotation data. In Customizing chooseMAPFormula & Average

PricingDefine quotation source.

You define the various quotations for which prices are collected and the

currency and unit of measure in which the quotation prices are quoted. The

quotation data is defined with a combination of quotation source and quotation

type. In Customizing chooseMAPFormula & Average Pricing Define

quotation data.


4/4

Set up the notation mapping table

The translation table translates the notation or terminology from the data

provider into terminology the R/3 System can interpret.

Data providers such as Telerate provide quotations from other data providers,such as Reutters. This is represented in the system using data sources. To

define data sources, in Customizing choose TreasuryTreasury

ManagementBasic FunctionsMarket Data

ManagementDatafeedTranslation Table Define data sources for

datafeed.

You define how to import commodities using the external partner program of

your datafeed provider. You can define whether the prices are only supplied

upon explicit request from the R/3 System, or whether they should be supplied

on a real-time basis via the datafeed provider's external partner program. InCustomizing choose TreasuryTreasury ManagementBasic

FunctionsMarket Data ManagementTranslation TableDefine

Commodities.

ActivitiesTo download the most recent market quotations into the IS-Oil quotation table, the market datamust be requested:

1. ChooseAccountingTreasuryTreasury ManagementBasic FunctionsMarket DataManagementDatafeedMarket Data SupplyRequest Current Market Data.

2. Enter data as required.3. Choose ProgramExecute.

Documents

External Quotation Interface