What is retention of title in SAP FS-CMS - Collateral Management System?

SAP Term: retention of title

• Component: FS-CMS

• Component Name: Collateral Management System

• Description: An agreement between buyer and seller, according to which the ownership rights to the delivered goods are transferred to the buyer, upon payment in full.

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• Key Concepts: 
  Retention of title is a legal concept that allows a seller to retain ownership of goods until the buyer has paid for them in full. In the context of SAP’s FS-CMS Collateral Management System, it is used to manage the legal rights of a seller to retain ownership of goods until payment is received. 
  
  How to use it: 
  In order to use retention of title in SAP’s FS-CMS Collateral Management System, the seller must first register the goods with the system. This will create a legal document that outlines the terms of the agreement between the buyer and seller. The document will also include information about when payment is due and any other conditions that must be met before ownership is transferred to the buyer. Once registered, the system will track and monitor all transactions related to the goods, ensuring that payment is received in full before ownership is transferred. 
  
  Tips & Tricks: 
  When using retention of title in SAP’s FS-CMS Collateral Management System, it is important to ensure that all documents are properly registered and updated regularly. This will help ensure that all parties involved are aware of their rights and obligations under the agreement. Additionally, it is important to keep track of any changes in payment terms or other conditions that may affect ownership transfer. 
  
  Related Information: 
  For more information on retention of title and how it works in SAP’s FS-CMS Collateral Management System, please refer to SAP’s official documentation or contact your local SAP representative. Additionally, there are many online resources available that provide further information on this topic.