What is condition type in SAP FIN-FSCM-TRM - Treasury and Risk Management?

SAP Term: condition type

• Component: FIN-FSCM-TRM

• Component Name: Treasury and Risk Management

• Description: A characteristic of a condition used to classify financial transactions, such as interest and dividends, used to calculate cash flow movements.

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• Key Concepts: 
  Condition type is a feature of SAP Treasury and Risk Management (FIN-FSCM-TRM) that allows users to define the conditions under which a transaction will be processed. It is used to define the terms of a transaction, such as the payment terms, interest rate, and other details. The condition type is used to determine the pricing of a transaction and can be used to set up discounts or surcharges. 
  
  How to use it: 
  Condition types are used in the pricing process of a transaction. They are used to define the terms of a transaction, such as payment terms, interest rate, and other details. The condition type is used to determine the pricing of a transaction and can be used to set up discounts or surcharges. The condition type can also be used to define the payment terms for a transaction, such as when payments are due and how much interest will be charged for late payments. 
  
  Tips & Tricks: 
  When setting up condition types, it is important to ensure that all relevant information is included in the condition type. This includes payment terms, interest rate, discounts or surcharges, and any other details that may affect the pricing of the transaction. It is also important to ensure that all condition types are properly configured so that they are applied correctly during the pricing process. 
  
  Related Information: 
  For more information on setting up condition types in SAP Treasury and Risk Management (FIN-FSCM-TRM), please refer to SAP Help documentation or contact your local SAP support team.