What is restitution claim in SAP FS-CMS - Collateral Management System?

SAP Term: restitution claim

• Component: FS-CMS

• Component Name: Collateral Management System

• Description: An entitlement of the owner that comes into effect if a land charge or part of a land charge is no longer required as collateral. The owner is entitled to: Granting release of the encumbrance Assignment of the right to the owner or a third party Relinquishment of the right.

Smart SAP Assistant

• Key Concepts: 
  A restitution claim is a type of claim that is used in the FS-CMS Collateral Management System (CMS) of SAP. It is a claim that is made by a creditor against a debtor for the return of money or goods that have been wrongfully taken or withheld. The creditor can make a restitution claim to recover the money or goods from the debtor. 
  
  How to use it: 
  In order to make a restitution claim in SAP, the creditor must first create a claim document in the CMS. This document will contain all the necessary information about the claim, such as the amount of money or goods that are being claimed, and any other relevant details. Once the document is created, it can be submitted to the debtor for review and approval. 
  
  Tips & Tricks: 
  When creating a restitution claim in SAP, it is important to ensure that all relevant information is included in the document. This will help to ensure that the claim is processed quickly and efficiently. Additionally, it is important to keep track of all documents related to the claim, as this will help to ensure that all parties involved are aware of any changes or updates to the claim. 
  
  Related Information: 
  For more information on restitution claims in SAP, please refer to the official SAP documentation on FS-CMS Collateral Management System. Additionally, there are many online resources available that provide detailed information on how to use SAP for restitution claims.