What is 'collective land charge' in SAP FS-CMS - Collateral Management System?

collective land charge - Overview

• Component: FS-CMS

• Component Name: Collateral Management System

• Description: A land charge that applies to more than one real estate object.

collective land charge - Details

• 
  Key Concepts: 
  A collective land charge is a type of security interest that is created when a creditor takes a security interest in a group of assets. In the SAP FS-CMS Collateral Management System, collective land charges are used to secure a loan against a group of assets, such as real estate or other property. 
  
  How to use it: 
  In the SAP FS-CMS Collateral Management System, collective land charges can be created by entering the details of the loan and the assets that are being used as collateral. The system will then generate a collective land charge document that can be used to secure the loan. 
  
  Tips & Tricks: 
  When creating a collective land charge in the SAP FS-CMS Collateral Management System, it is important to ensure that all of the details of the loan and the assets being used as collateral are accurately entered into the system. This will ensure that the collective land charge document is valid and enforceable. 
  
  Related Information: 
  For more information on collective land charges and how they are used in the SAP FS-CMS Collateral Management System, please refer to the official SAP documentation.