What is status in SAP FS-CMS - Collateral Management System?

SAP Term: status

• Component: FS-CMS

• Component Name: Collateral Management System

• Description: Indicator that displays the current state of a collateral agreement or business transaction. The status controls the processing of a collateral agreement or a business transaction in a certain way in line with the Customizing settings.

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• Key Concepts: 
  Status is a term used in the FS-CMS Collateral Management System (CMS) to refer to the current state of a transaction or document. It is used to indicate whether a transaction or document is in progress, completed, or has been cancelled. 
  
  How to use it: 
  In the FS-CMS CMS, users can view the status of a transaction or document by selecting it from the list of transactions or documents. The status will be displayed in the top right corner of the screen. The status can also be changed by selecting the “Change Status” option from the menu. 
  
  Tips & Tricks: 
  It is important to keep track of the status of transactions and documents in order to ensure that all transactions and documents are completed in a timely manner. It is also important to ensure that all transactions and documents are properly closed when they are no longer needed. 
  
  Related Information: 
  For more information on how to use the FS-CMS CMS, please refer to the official documentation provided by SAP.