What is 'contractual consequence' in SAP FS-FBS-CML-LWP - SAP Loans Workplace?

contractual consequence - Overview

• Component: FS-FBS-CML-LWP

• Component Name: SAP Loans Workplace

• Description: A contractually agreed consequence associated with a covenant breach.

contractual consequence - Details

• 
  Key Concepts: 
  Contractual consequence is a feature of the SAP Loans Workplace (FS-FBS-CML-LWP) component that allows users to define the consequences of a contract breach. This includes defining the actions that will be taken if a contract is not fulfilled, such as the cancellation of the contract or the imposition of fines. 
  
  How to use it: 
  To use this feature, users must first define the contractual consequences in the SAP Loans Workplace. This can be done by selecting the “Define Contractual Consequences” option from the menu. Once this is done, users can then specify the actions that will be taken if a contract is breached. 
  
  Tips & Tricks: 
  When defining contractual consequences, it is important to consider all possible scenarios and ensure that all relevant information is included. This will help to ensure that all contracts are properly enforced and that any breaches are dealt with appropriately. 
  
  Related Information: 
  For more information on contractual consequences in SAP Loans Workplace, please refer to the official SAP documentation.