What is knock-out in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: knock-out

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: An activity to cancel the right to exercise an option that is linked to a rise in the exchange rate above a certain level or a fall in the exchange rate below a certain level. With knock-out a current exercise right ceases to exist.

Smart SAP Assistant

• Key Concepts: 
  Knock-out is a feature of the Transaction Manager (TM) component of SAP Financial Supply Chain Management (FSCM). It is used to prevent certain transactions from being processed if certain conditions are not met. For example, a knock-out rule can be used to prevent a payment from being processed if the amount exceeds a certain limit. 
  
  How to use it: 
  Knock-out rules can be set up in the TM component of FSCM. The rules can be set up to apply to specific transactions or to all transactions. The conditions that must be met for the rule to be applied can be specified, such as the amount of the transaction or the type of transaction. Once the rule is set up, it will automatically be applied to any transactions that meet the specified conditions. 
  
  Tips & Tricks: 
  When setting up knock-out rules, it is important to ensure that they are set up correctly and that they are applied to the correct transactions. It is also important to ensure that the conditions specified in the rule are appropriate for the transaction being processed. 
  
  Related Information: 
  For more information on setting up knock-out rules in SAP FSCM, please refer to the SAP Help documentation.