What is waiver in SAP FS-CML - Loans Management?

SAP Term: waiver

• Component: FS-CML

• Component Name: Loans Management

• Description: A business transaction that can be used during the position processing of loans to carry out full or partial waivers of open items. In this case, the bank voluntarily waives certain receivables. You cannot waive planned records.

Smart SAP Assistant

• Key Concepts: 
  A waiver is a document that is used in the FS-CML Loans Management component of SAP to waive certain rights or obligations of a borrower. It is typically used when a borrower has defaulted on a loan and the lender agrees to waive certain fees or penalties associated with the default. 
  
  How to use it: 
  In order to use a waiver in SAP, the lender must first create a waiver document in the system. This document will include information about the borrower, the loan, and the terms of the waiver. Once the document is created, it must be approved by both parties before it can be used. 
  
  Tips & Tricks: 
  When creating a waiver document in SAP, it is important to make sure that all of the information is accurate and up-to-date. This will help ensure that both parties are aware of all of the terms and conditions associated with the waiver. Additionally, it is important to keep track of any changes that are made to the waiver document over time. 
  
  Related Information: 
  For more information about waivers in SAP, please refer to the official SAP documentation on FS-CML Loans Management. Additionally, there are many online resources available that provide detailed instructions on how to create and manage waivers in SAP.