What is netting set in SAP FS-BA-PM-CR - Credit Risk?

SAP Term: netting set

• Component: FS-BA-PM-CR

• Component Name: Credit Risk

• Description: Grouping of the netting agreement and the transactions relevant to it.

Smart SAP Assistant

• Key Concepts: 
  A netting set is a collection of open items that are grouped together and settled in one payment. It is used in the Credit Risk Management component of SAP Financial Services (FS-BA-PM-CR) to reduce the number of payments that need to be made. The netting set can be used to settle multiple open items with one payment, which reduces the administrative burden and cost associated with making multiple payments. 
  
  How to use it: 
  In order to use a netting set, you must first create a netting set ID. This ID is used to identify the netting set and can be used to track the status of the netting set. Once the netting set ID has been created, you can add open items to the netting set. Once all of the open items have been added, you can then settle them with one payment. 
  
  Tips & Tricks: 
  When creating a netting set, it is important to ensure that all of the open items that are being added are eligible for settlement with one payment. Additionally, it is important to ensure that all of the open items have been correctly added to the netting set before settling them with one payment. 
  
  Related Information: 
  For more information on how to use a netting set in SAP Financial Services (FS-BA-PM-CR), please refer to SAP Help documentation or contact your local SAP support team.