What is 'defer' in SAP FS-CML - Loans Management?

defer - Overview

• Component: FS-CML

• Component Name: Loans Management

• Description: To allow the postponement of a debt payment.

defer - Details

• 
  Key Concepts: 
  Defer is a term used in the FS-CML Loans Management component of SAP. It refers to the ability to delay or postpone the payment of a loan or other financial obligation. This can be done for a variety of reasons, such as to reduce the amount of interest paid on the loan or to provide more time for the borrower to make payments.
  
  How to use it: 
  In order to use defer in SAP, users must first access the FS-CML Loans Management component. Once there, they can select the “Defer” option from the menu. This will open a window where users can enter information about the loan and specify when they would like to defer payments. Once all information is entered, users can submit their request and wait for approval from their lender.
  
  Tips & Tricks: 
  When using defer in SAP, it is important to remember that lenders may not always approve requests for deferment. It is also important to note that deferring payments may result in additional fees or interest charges. Therefore, it is important to carefully consider all options before deciding to defer payments.
  
  Related Information: 
  For more information about deferring payments in SAP, users can refer to the official SAP documentation or contact their lender directly. Additionally, users may find helpful information on various online forums and websites dedicated to SAP and financial