What is position classifier in SAP FIN-FSCM-TRM - Treasury and Risk Management?

SAP Term: position classifier

• Component: FIN-FSCM-TRM

• Component Name: Treasury and Risk Management

• Description: A time-dependent assignment given to one or more positions.

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• Key Concepts: 
  Position classifier is a component of SAP Treasury and Risk Management (FIN-FSCM-TRM) that allows users to classify and group positions according to their characteristics. It enables users to define and manage position classifications, which can be used for reporting, risk management, and other purposes. 
  
  How to use it: 
  Position classifier can be used to classify positions according to their characteristics, such as currency, counterparty, product type, etc. It can also be used to group positions into categories for reporting and risk management purposes. To use position classifier, users must first define the classifications they want to use. This can be done by creating a classification hierarchy and assigning values to each classification. Once the classifications have been defined, users can assign them to positions in order to classify them. 
  
  Tips & Tricks: 
  When defining position classifications, it is important to consider how they will be used in the future. For example, if the classifications will be used for reporting purposes, it is important to ensure that they are comprehensive enough to capture all relevant information. Additionally, it is important to ensure that the classifications are easy to understand and use. 
  
  Related Information: 
  For more information on position classifier in SAP Treasury and Risk Management (FIN-FSCM-TRM), please refer to the official SAP documentation.