What is market identifier code in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: market identifier code

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: A four-character international standard code ISO 10383 that specifies a universal method of identifying exchanges, trading platforms, and regulated or non-regulated markets as sources of prices and related information to facilitate automated processing trade, settlement, and other automated processes.

Smart SAP Assistant

• Key Concepts: 
  A Market Identifier Code (MIC) is a unique code assigned to each financial market by the International Organization for Standardization (ISO). It is used to identify the market in which a particular security or financial instrument is traded. In SAP Transaction Manager, the MIC is used to identify the market in which a particular transaction is taking place. 
  
  How to use it: 
  In SAP Transaction Manager, the MIC is used to identify the market in which a particular transaction is taking place. The MIC can be found in the “Market” field of the transaction details page. Once the MIC has been entered, the system will automatically populate the other fields with information related to that market. 
  
  Tips & Tricks: 
  When entering a MIC, it is important to ensure that it is accurate and up-to-date. If an incorrect or outdated MIC is entered, it could lead to incorrect or incomplete information being displayed in the transaction details page. 
  
  Related Information: 
  The ISO website provides a list of all valid MICs and their associated markets. This list can be used as a reference when entering a MIC into SAP Transaction Manager. Additionally, there are several online resources available that provide more detailed information about MICs and their associated markets.