What is export bill negotiation in SAP FIN-FSCM-TRM - Treasury and Risk Management?

SAP Term: export bill negotiation

• Component: FIN-FSCM-TRM

• Component Name: Treasury and Risk Management

• Description: Short-term export finance that allows a beneficiary seller to receive immediate payment upon shipment of goods.

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• Key Concepts: 
  Export bill negotiation is a process in SAP Treasury and Risk Management (FIN-FSCM-TRM) that allows companies to negotiate the terms of an export bill with a bank. This process involves the exchange of documents between the company and the bank, such as the bill of exchange, promissory note, and other documents related to the transaction. The negotiation process also includes the negotiation of interest rates, fees, and other terms of the transaction. 
  
  How to use it: 
  In order to use export bill negotiation in SAP Treasury and Risk Management, companies must first create a negotiation request in the system. This request includes all of the necessary information about the transaction, such as the amount of money being exchanged, the interest rate, and any other terms that need to be negotiated. Once this request is created, it is sent to the bank for review. The bank then reviews the request and either accepts or rejects it. If accepted, the company can then proceed with negotiating the terms of the transaction with the bank. 
  
  Tips & Tricks: 
  When negotiating an export bill with a bank, it is important to be aware of all of the terms and conditions associated with the transaction. It is also important to be aware of any fees or charges that may be associated with the transaction. Additionally, it is important to ensure that all documents related to the transaction are properly signed and dated before proceeding with any negotiations. 
  
  Related Information: 
  For more information on export bill negotiation in SAP Treasury and Risk Management, please refer to SAP Help documentation or contact your local SAP representative. Additionally, there are many online resources available that provide detailed information on this process.