What is free external credit line in SAP FS-BA-AN-LM - Limit Manager?

SAP Term: free external credit line

• Component: FS-BA-AN-LM

• Component Name: Limit Manager

• Description: Currency-based key figure for a key date. This key figure can be on facility or account level.

Smart SAP Assistant

• Key Concepts: 
  Free external credit line is a feature of the SAP FS-BA-AN-LM Limit Manager component. It allows customers to set up a credit line with an external lender, such as a bank, and use it to finance their purchases from SAP. The customer can then pay back the loan over time, without having to pay any interest or other fees. 
  
  How to use it: 
  To use the free external credit line feature, customers must first set up a credit line with an external lender. Once the credit line is established, customers can then use it to finance their purchases from SAP. The customer will then be able to pay back the loan over time, without having to pay any interest or other fees. 
  
  Tips & Tricks: 
  When setting up a free external credit line, it is important to make sure that the terms of the loan are clearly understood and agreed upon by both parties. Additionally, customers should make sure that they are aware of any fees or other charges associated with the loan before signing any documents. 
  
  Related Information: 
  For more information about setting up a free external credit line with SAP, customers can contact their local SAP representative or visit the SAP website for more information. Additionally, customers can also consult with their financial advisor or accountant for advice on setting up a free external credit line.