What is non-acceptance penalty in SAP FS-FBS-CML-LWP - SAP Loans Workplace?

SAP Term: non-acceptance penalty

• Component: FS-FBS-CML-LWP

• Component Name: SAP Loans Workplace

• Description: Compensation liquidity costs for the period between conclusion of the contract and non-acceptance always before disbursement.

Smart SAP Assistant

• Key Concepts: 
  Non-acceptance penalty is a feature of the SAP Loans Workplace (FS-FBS-CML-LWP) component that allows lenders to impose a penalty on borrowers who do not accept a loan offer within a certain period of time. The penalty is typically a percentage of the loan amount and is applied to the borrower's account. 
  
  How to use it: 
  The non-acceptance penalty can be enabled in the SAP Loans Workplace by selecting the “Enable Non-Acceptance Penalty” option in the Loan Settings menu. Once enabled, lenders can specify the amount of the penalty and the period of time in which it must be accepted. The penalty will be automatically applied to the borrower's account if they do not accept the loan offer within the specified period. 
  
  Tips & Tricks: 
  It is important to note that non-acceptance penalties are only applicable to loan offers that have been accepted by both parties. If a borrower rejects a loan offer, then no penalty will be applied. Additionally, lenders should ensure that they are aware of any applicable laws or regulations regarding non-acceptance penalties before enabling this feature. 
  
  Related Information: 
  For more information on non-acceptance penalties and how to use them in SAP Loans Workplace, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/FS_FBS_CML_LWP/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html