What is evaluation key date used in SAP CA-GTF-CPE - Commodity Pricing Engine?

SAP Term: evaluation key date used

• Component: CA-GTF-CPE

• Component Name: Commodity Pricing Engine

• Description: Date for which the system performs a formula evaluation. When evaluating a formula, the system uses the price quotation and the exchange rates as they are or as they were on the evaluation key date. The system compares the system date, the requested evaluation key date, and the latest evaluation key date to determine the evaluation key date used. If you are using the quotation forecast, the system sets the curve date to match the evaluation key date used. This means that the price quotations are forecast as of the evaluation key date used, for example the prices of commodity futures are delivered on the evaluation key date using the commodity curve.

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• Key Concepts: 
  The evaluation key date used in the Commodity Pricing Engine (CA-GTF-CPE) component of SAP is a date used to determine the pricing of a commodity. This date is used to compare the current market price of a commodity with the price of the same commodity at a previous point in time. This comparison helps to determine the current market value of the commodity. 
  
  How to use it: 
  The evaluation key date used in the Commodity Pricing Engine (CA-GTF-CPE) component of SAP is set by the user. The user can select any date they wish to use as the evaluation key date. This date will then be used to compare the current market price of a commodity with the price of the same commodity at a previous point in time. 
  
  Tips & Tricks: 
  When selecting an evaluation key date, it is important to choose a date that is close to the current market price of the commodity. This will ensure that an accurate comparison can be made between the current market price and the price of the same commodity at a previous point in time. 
  
  Related Information: 
  The evaluation key date used in the Commodity Pricing Engine (CA-GTF-CPE) component of SAP is just one part of determining the current market value of a commodity. Other factors such as supply and demand, economic conditions, and geopolitical events can also affect pricing. It is important to consider all these factors when determining the current market value of a commodity.