What is days past due category in SAP FS-CML - Loans Management?

SAP Term: days past due category

• Component: FS-CML

• Component Name: Loans Management

• Description: Information about how often and for how many days borrowers are in default with the payment of installments on their loan. The days past due category is determined by one of the following counter methods: Single method Cumulative method The counter methods for determining the days past due category are defined in the loan contract.

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• Key Concepts: 
  Days past due category is a component of the FS-CML Loans Management module in SAP. It is used to categorize loans based on the number of days they are past due. This categorization helps to identify loans that are at risk of default and allows for more effective management of loan portfolios. 
  
  How to use it: 
  The days past due category is used to classify loans based on the number of days they are past due. Loans can be categorized as current, 1-30 days past due, 31-60 days past due, 61-90 days past due, and more than 90 days past due. This categorization helps to identify loans that are at risk of default and allows for more effective management of loan portfolios. 
  
  Tips & Tricks: 
  It is important to regularly review the days past due category to ensure that loans are being properly categorized. This will help to ensure that loans are being managed effectively and that any potential risks are identified and addressed in a timely manner. 
  
  Related Information: 
  For more information about the FS-CML Loans Management module, please refer to the SAP Help Portal or contact your SAP representative.