What is strike currency in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: strike currency

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: The value at which a currency option may be exercised before the expiration date.

Smart SAP Assistant

• Key Concepts: 
  Strike currency is a feature of SAP Transaction Manager (FIN-FSCM-TRM-TM) that allows users to set a currency for a contract that is different from the currency of the underlying transaction. This feature is useful when dealing with contracts that involve multiple currencies, as it allows users to set a single currency for the entire contract. 
  
  How to use it: 
  To use the strike currency feature, users must first create a contract in SAP Transaction Manager. Once the contract is created, users can select the “Strike Currency” option from the menu. This will open a window where users can select the desired currency for the contract. Once selected, this currency will be used for all transactions related to the contract. 
  
  Tips & Tricks: 
  When selecting a strike currency, it is important to consider the exchange rate between the currencies involved in the contract. If the exchange rate is volatile, it may be beneficial to select a more stable currency as the strike currency. Additionally, it is important to ensure that all parties involved in the contract are aware of and agree to the selected strike currency. 
  
  Related Information: 
  For more information on using strike currency in SAP Transaction Manager, please refer to SAP’s official documentation on the topic: https://help.sap.com/viewer/f8d9f3c7a2e14b6f9a7d3c8b2e5f1e6d/latest/en-US/f8d9f3c7a2e14b6f9a7d3c8b2e5f1e6d.html