What is process parameter in SAP FS-BA-PM-CR - Credit Risk?

SAP Term: process parameter

• Component: FS-BA-PM-CR

• Component Name: Credit Risk

• Description: Groups together a particular combination of settings that govern the evaluation of data for a bank's own purposes only. These parameters are not prescribed by supervisory authorities.

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• Key Concepts: 
  Process parameters are used in the Credit Risk Management (CRM) component of the Financial Services Business Application Platform (FS-BA-PM) to define the parameters of a process. These parameters can include the type of process, the duration of the process, and any other relevant information. 
  
  How to use it: 
  Process parameters are used to define the parameters of a process in CRM. To set up a process parameter, you must first select the type of process you want to create. Then, you must enter the duration of the process and any other relevant information. Once all of the information is entered, you can save the process parameter and it will be ready for use. 
  
  Tips & Tricks: 
  When setting up a process parameter, it is important to make sure that all of the information is accurate and up-to-date. This will ensure that the process runs smoothly and efficiently. Additionally, it is important to keep track of any changes that are made to the process parameter so that they can be easily accessed in the future. 
  
  Related Information: 
  For more information on setting up process parameters in CRM, please refer to SAP's documentation on the topic. Additionally, there are many online resources available that provide tutorials and tips on how to use SAP's CRM component effectively.