What is 'issuing bank' in SAP FIN-FSCM-TRM - Treasury and Risk Management?

issuing bank - Overview

• Component: FIN-FSCM-TRM

• Component Name: Treasury and Risk Management

• Description: A bank that issues a letter of credit in favor of a beneficiary seller, forwards it to an advising bank for delivery to the beneficiary, and commits itself to honor the payment specified in the letter of credit in the event that the applicant buyer fails to pay.

issuing bank - Details

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  Key Concepts: 
  An issuing bank is a financial institution that issues payment cards, such as credit cards and debit cards. It is responsible for authorizing and processing payments made with the card. In SAP Treasury and Risk Management (FIN-FSCM-TRM), an issuing bank is a bank that issues payment cards to customers. 
  
  How to use it: 
  In SAP Treasury and Risk Management, an issuing bank can be used to process payments made with payment cards. The issuing bank will authorize the payment and process the transaction. The issuing bank will also be responsible for any disputes or fraud related to the payment. 
  
  Tips & Tricks: 
  When setting up an issuing bank in SAP Treasury and Risk Management, it is important to ensure that the bank is properly configured and that all necessary information is provided. This includes the bank’s contact information, its payment processing capabilities, and any other relevant information. 
  
  Related Information: 
  For more information on setting up an issuing bank in SAP Treasury and Risk Management, please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide detailed instructions on how to set up an issuing bank in SAP Treasury and Risk Management.