What is facility type in SAP FS-BA-PM-CR - Credit Risk?

SAP Term: facility type

• Component: FS-BA-PM-CR

• Component Name: Credit Risk

• Description: A classification of a facility by means of a product that applies for facilities only. Examples of values for the facility type are facility and multi-borrower facility.

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• Key Concepts: 
  Facility type is a component of the Credit Risk Management (CRM) module in SAP Financial Services (FS-BA-PM-CR). It is used to define the type of credit facility that a customer has with a company. This includes the terms and conditions of the loan, such as the interest rate, repayment period, and other details. 
  
  How to use it: 
  The facility type is used to define the type of credit facility that a customer has with a company. This includes the terms and conditions of the loan, such as the interest rate, repayment period, and other details. The facility type can be set up in SAP CRM by entering the relevant information into the system. Once set up, it can be used to track and manage customer credit facilities. 
  
  Tips & Tricks: 
  When setting up a facility type in SAP CRM, it is important to ensure that all relevant information is entered accurately. This will ensure that all customer credit facilities are tracked and managed correctly. Additionally, it is important to regularly review and update facility types as needed to ensure that they remain up-to-date. 
  
  Related Information: 
  The facility type component of SAP CRM is closely related to other components such as credit limit management and credit risk assessment. These components are used to manage customer credit facilities and ensure that they are managed in a safe and secure manner. Additionally, it is important to understand how these components interact with each other in order to ensure that customer credit facilities are managed effectively.