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

SAP Term: penalty rate

• Component: FS-FBS-CML-BZL

• Component Name: SAP Loans Management Extension for Brazil

• Description: The percentage that is used to calculate the prepayment penalty.

Smart SAP Assistant

• Key Concepts: 
  Penalty rate is a feature of the SAP Loans Management Extension for Brazil (FS-FBS-CML-BZL) that allows users to set a penalty rate for overdue payments. This rate is applied to the overdue amount and is used to calculate the total amount due.
  
  How to use it: 
  To use the penalty rate feature, users must first set up the penalty rate in the system. This can be done by navigating to the “Penalty Rate” tab in the Loans Management Extension for Brazil. Once the rate has been set, it will be applied to any overdue payments automatically.
  
  Tips & Tricks: 
  It is important to note that the penalty rate should be set carefully, as it will affect the total amount due for overdue payments. It is also important to keep track of any changes made to the penalty rate, as this could affect existing loans.
  
  Related Information: 
  For more information on setting up and using the penalty rate feature, please refer to the SAP Help documentation for FS-FBS-CML-BZL Loans Management Extension for Brazil.