What is secondary buying rate in SAP FIN-FSCM-IHC - FSCM In-House Cash?

SAP Term: secondary buying rate

• Component: FIN-FSCM-IHC

• Component Name: FSCM In-House Cash

• Description: The buying defined by the in-house cash center which serves as an exchange rate for the subsidiaries. The primary buying rate on the other hand is the rate that the in-house cash center gets from the house bank.

Smart SAP Assistant

• Key Concepts: 
  Secondary buying rate is a term used in SAP's FSCM In-House Cash (FIN-FSCM-IHC) component. It is the rate at which a company buys foreign currency from its own bank account. This rate is usually lower than the market rate, as it is based on the company's internal policies and agreements with its bank. 
  
  How to use it: 
  The secondary buying rate can be used to calculate the cost of foreign currency purchases. This rate is used to determine the amount of foreign currency that can be purchased for a given amount of local currency. The secondary buying rate can also be used to calculate the exchange rate for foreign currency transactions. 
  
  Tips & Tricks: 
  It is important to keep track of the secondary buying rate, as it can change over time. Companies should also be aware of any additional fees or charges that may be associated with foreign currency purchases. 
  
  Related Information: 
  The secondary buying rate is related to other terms such as primary buying rate, market rate, and spot rate. It is also related to other components of SAP's FSCM In-House Cash, such as cash management and liquidity management.