What is open market sale in SAP FS-CMS - Collateral Management System?

SAP Term: open market sale

• Component: FS-CMS

• Component Name: Collateral Management System

• Description: A liquidation type wherein the compensation is received from the sale of collateral. In this scenario, all the creditors in the land reigster agree to the sales contract.

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• Key Concepts: 
  Open market sale is a type of sale in the FS-CMS Collateral Management System (CMS) that allows customers to purchase collateral from a pool of assets. This type of sale is used when the customer does not have a specific asset in mind, but instead wants to purchase an asset from a pool of available assets. 
  
  How to use it: 
  In order to use open market sale, the customer must first select the type of asset they are interested in purchasing. Once the asset type has been selected, the customer can then view the available assets in the pool and select one or more assets to purchase. The customer can then complete the purchase by providing payment information and confirming the transaction. 
  
  Tips & Tricks: 
  When using open market sale, it is important to remember that the available assets in the pool may change over time. Therefore, it is important to check back regularly to ensure that you are able to purchase the desired asset. Additionally, it is important to read all of the terms and conditions associated with each asset before making a purchase. 
  
  Related Information: 
  For more information about open market sale in FS-CMS Collateral Management System, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide additional tips and tricks for using open market sale in CMS.