What is event interest in SAP CA-FIM-FCO - Financial Conditions?

SAP Term: event interest

• Component: CA-FIM-FCO

• Component Name: Financial Conditions

• Description: An interest payment that is calculated only if a specific event occurs.

Smart SAP Assistant

• Key Concepts: 
  Event interest is a feature of the Financial Conditions component of SAP. It allows users to define and manage interest rates for different events, such as payment delays or early payments. Event interest can be used to calculate the cost of a delayed payment or the benefit of an early payment. 
  
  How to use it: 
  Event interest can be set up in the Financial Conditions component of SAP. First, users must define the event interest rate type and assign it to a condition type. Then, they must define the event interest rate and assign it to a condition record. Finally, they must assign the condition record to a pricing procedure. 
  
  Tips & Tricks: 
  When setting up event interest in SAP, it is important to ensure that the correct condition type is assigned to the correct pricing procedure. This will ensure that the correct event interest rate is applied when calculating costs or benefits. 
  
  Related Information: 
  For more information on setting up event interest in SAP, please refer to the official SAP documentation on Financial Conditions (https://help.sap.com/viewer/product/SAP_FINANCIAL_CONDITIONS/731/en-US).