What is cancelation penalty in SAP FS-FBS-CML-BZL - SAP Loans Management Extension for Brazil?

SAP Term: cancelation penalty

• Component: FS-FBS-CML-BZL

• Component Name: SAP Loans Management Extension for Brazil

• Description: A calculated percentage that a customer must pay to the engineering and construction company in case of a loan contract cancelation.

Smart SAP Assistant

• Key Concepts: 
  Cancelation penalty is a feature of the FS-FBS-CML-BZL SAP Loans Management Extension for Brazil. It is a penalty that is applied when a loan is canceled before the end of its term. The penalty is calculated based on the remaining balance of the loan and the amount of time left in the loan term. 
  
  How to use it: 
  The cancelation penalty can be set up in the FS-FBS-CML-BZL SAP Loans Management Extension for Brazil. The penalty can be configured to be either a fixed amount or a percentage of the remaining balance of the loan. The penalty will be applied when the loan is canceled before its term has ended. 
  
  Tips & Tricks: 
  It is important to consider the cancelation penalty when deciding whether or not to cancel a loan. The penalty can be significant, so it should be taken into account when making a decision. 
  
  Related Information: 
  For more information about the FS-FBS-CML-BZL SAP Loans Management Extension for Brazil, please visit https://help.sap.com/viewer/product/FS_FBS_CML_BZL/latest/en-US.