What is contract price in SAP FIN-FSCM-CMM-BR - ?

SAP Term: contract price

• Component: FIN-FSCM-CMM-BR

• Component Name:

• Description: SAP Broker Reconciliation for Commodity Derivatives The forward price agreed in the transaction for the commodity in case of futures. In case of options, it is the premium amount agreed between the buyer and seller.

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• Key Concepts: 
  Contract Price is a term used in SAP Financial Supply Chain Management (FSCM) Credit Management Module (CMM) Business Rules (BR). It is the price of a product or service that is agreed upon in a contract between two parties. The contract price is usually fixed and cannot be changed unless both parties agree to it. 
  
  How to use it: 
  In SAP FSCM CMM BR, the contract price is used to determine the credit limit for a customer. The credit limit is the maximum amount of credit that can be extended to a customer. The contract price is also used to calculate the payment terms for a customer. Payment terms are the conditions under which a customer must pay for goods or services. 
  
  Tips & Tricks: 
  When setting up a contract price in SAP FSCM CMM BR, it is important to ensure that the contract price is accurate and up-to-date. This will help ensure that the credit limit and payment terms are calculated correctly. 
  
  Related Information: 
  For more information on SAP FSCM CMM BR, please refer to the official SAP documentation at https://help.sap.com/viewer/product/FIN_FSCM_CMM_BR/latest/en-US.