What is 'card contract' in SAP FS-AM-CM-CA - Card?

card contract - Overview

• Component: FS-AM-CM-CA

• Component Name: Card

• Description: Describes a particular characteristic value of a contract to which various objects such as buisness partner, conditions and account details are assigned. The card contract is assigned to exactly one card product. The product can be regarded as a sample contract.

card contract - Details

• 
  Key Concepts: 
  A card contract is a type of financial contract used in SAP Financial Services (FS) Asset Management (AM) Credit Management (CM) and Card Authorization (CA). It is used to define the terms and conditions of a credit card agreement between a customer and a financial institution. The card contract contains information such as the customer's credit limit, interest rate, payment terms, and other details. 
  
  How to use it: 
  The card contract is created in the SAP system by entering the customer's information into the system. Once the card contract is created, it can be used to manage the customer's credit card account. The card contract can be used to set up payment plans, track payments, and manage the customer's credit limit. 
  
  Tips & Tricks: 
  When creating a card contract, it is important to ensure that all of the customer's information is accurate and up-to-date. This will help ensure that the customer's credit limit and other details are accurately reflected in the system. Additionally, it is important to review the card contract regularly to ensure that all of the terms and conditions are still valid. 
  
  Related Information: 
  For more information about card contracts in SAP Financial Services Asset Management Credit Management and Card Authorization, please refer to the SAP Help Portal or contact your local SAP representative.