What is forward loan purchase in SAP FS-CML - Loans Management?

SAP Term: forward loan purchase

• Component: FS-CML

• Component Name: Loans Management

• Description: An agreement between two counterparties to enter into a loan contract. The loan is not disbursed directly after the agreement but at a later point in time. All the loan details are fixed at the time of contract closure.

Smart SAP Assistant

• Key Concepts: 
  Forward loan purchase is a process in the FS-CML Loans Management component of SAP that allows a company to purchase loans from another financial institution. The company can then manage the loans in SAP and use them as collateral for other financial transactions. 
  
  How to use it: 
  To use forward loan purchase, the company must first identify the loans they wish to purchase. They must then negotiate the terms of the purchase with the other financial institution. Once the terms are agreed upon, the company can enter the details of the loan into SAP and begin managing it. 
  
  Tips & Tricks: 
  When purchasing loans, it is important to ensure that all of the details are accurately entered into SAP. This will help ensure that all of the necessary information is available for future transactions. Additionally, it is important to keep track of any changes in interest rates or other terms of the loan, as these can affect how much money is owed or received. 
  
  Related Information: 
  For more information on forward loan purchase, please refer to SAP's documentation on FS-CML Loans Management. Additionally, there are many online resources available that provide more detailed information on this process.