What is asset type in SAP FS-CMS - Collateral Management System?

SAP Term: asset type

• Component: FS-CMS

• Component Name: Collateral Management System

• Description: A freely definable identification attribute derived from the asset category. Asset types are used to classify assets in more detail within asset categories. &EXAMPLE& Term life insurance

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• Key Concepts: 
  Asset type is a classification of assets in the FS-CMS Collateral Management System (CMS). It is used to group assets into categories based on their characteristics, such as type of asset, purpose, and risk profile. Asset types are used to define the rules and parameters for managing assets in the CMS. 
  
  How to use it: 
  Asset types are used to define the rules and parameters for managing assets in the CMS. This includes setting up asset classes, setting up asset categories, setting up asset sub-categories, and setting up asset types. Asset types can also be used to define the risk profile of an asset, such as its liquidity, volatility, and creditworthiness. 
  
  Tips & Tricks: 
  When setting up asset types in the CMS, it is important to consider the risk profile of each asset type. This will help ensure that assets are managed in a way that is appropriate for their risk profile. Additionally, it is important to ensure that all asset types are properly categorized and classified so that they can be easily identified and managed. 
  
  Related Information: 
  For more information on asset types in the FS-CMS Collateral Management System, please refer to the SAP Help documentation. Additionally, there are a number of online resources available that provide detailed information on how to set up and manage asset types in the CMS.