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

SAP Term: product type

• Component: FS-BA-PM-CR

• Component Name: Credit Risk

• Description: Classifies the financial transactions and instruments stored in the SAP system. By means of the product type, the user is able to control which features are assigned to financial instruments, and how condition types and flow types are assigned in the system. The product type also contains information such as the settlement type and how the status of the transaction has changed.

Smart SAP Assistant

• Key Concepts: 
  Product type is a classification of a product in SAP. It is used to group products together and to assign them to a specific category. In the case of FS-BA-PM-CR Credit Risk Management, the product type is a financial services product that helps manage credit risk. 
  
  How to use it: 
  Product type is used to categorize products in SAP. It can be used to group products together and assign them to a specific category. For example, FS-BA-PM-CR Credit Risk Management is classified as a financial services product that helps manage credit risk. 
  
  Tips & Tricks: 
  When assigning a product type, it is important to consider the purpose of the product and how it fits into the overall SAP system. This will help ensure that the product type is correctly assigned and that it can be easily identified by other users. 
  
  Related Information: 
  Product types are used in many other areas of SAP, such as pricing, inventory management, and reporting. Understanding how product types are used in these areas can help users better understand how their products fit into the overall SAP system.