What is hard syndication condition in SAP FS-FBS-CML-LWP - SAP Loans Workplace?

SAP Term: hard syndication condition

• Component: FS-FBS-CML-LWP

• Component Name: SAP Loans Workplace

• Description: A decision of the bank's management whereby a certain proportion/amount of the contract must be syndicated.

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• Key Concepts: 
  Hard syndication condition is a feature of the SAP Loans Workplace component of the FS-FBS-CML-LWP module. It allows lenders to set up a syndication process that requires all lenders to agree to the terms of the loan before it can be approved. This ensures that all lenders are in agreement and that the loan is structured in a way that is beneficial to all parties involved. 
  
  How to use it: 
  The hard syndication condition feature can be used by lenders to set up a syndication process for loans. This process requires all lenders to agree to the terms of the loan before it can be approved. The lender can set up the syndication process by defining the conditions that must be met for approval, such as minimum loan amount, interest rate, repayment terms, etc. Once these conditions are met, all lenders must agree to the terms before the loan can be approved. 
  
  Tips & Tricks: 
  When setting up a syndication process with a hard syndication condition, it is important to ensure that all lenders are aware of the conditions and agree to them before approving the loan. This will help ensure that all parties involved are in agreement and that the loan is structured in a way that is beneficial to all parties involved. 
  
  Related Information: 
  The hard syndication condition feature is part of the SAP Loans Workplace component of the FS-FBS-CML-LWP module. For more information on this feature and how to use it, please refer to SAP’s documentation on this topic.