What is land register ranking in SAP FS-CMS - Collateral Management System?

SAP Term: land register ranking

• Component: FS-CMS

• Component Name: Collateral Management System

• Description: The ranking of a right entered in the land register or sequence of all rights within the sections II and III. The rank is obtained if no amendment notes are entered from the respective respective date of entry. Within a section section II or section III the serial numbering, under which the rights are recorded, is decisive, if no amendment notes are entered.

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• Key Concepts: 
  Land register ranking is a feature of the FS-CMS Collateral Management System (CMS) that allows users to prioritize their collateral in the event of a default. The ranking is based on the order in which the collateral is registered in the land register. This ensures that the most important collateral is secured first in the event of a default. 
  
  How to use it: 
  In order to use land register ranking, users must first register their collateral in the land register. Once registered, users can then assign a priority to each piece of collateral. This priority will determine the order in which the collateral is secured in the event of a default. 
  
  Tips & Tricks: 
  It is important to remember that land register ranking only applies to collateral that has been registered in the land register. If collateral has not been registered, it will not be secured in the event of a default. 
  
  Related Information: 
  For more information on land register ranking and other features of FS-CMS Collateral Management System, please refer to SAP's official documentation.