Do you have any question about this SAP term?
Component: FS-FPS
Component Name: Financial Products Subledger
Description: An explicit, unbiased and probability-weighted estimate i.e. expected value of the present value of the future cash outflows less the present value of the future cash inflows that will arise as the entity fulfils insurance contracts, including a risk adjustment for non-financial risk.
Key Concepts: Fulfillment cash flow is a component of the Financial Products Subledger (FS-FPS) in SAP. It is used to manage the cash flows associated with financial products such as loans, mortgages, and other financial instruments. The component allows users to track and manage the cash flows associated with these products, including payments, interest, and other fees. How to use it: The Fulfillment Cash Flow component of FS-FPS can be used to track and manage the cash flows associated with financial products. It allows users to enter payments, interest, and other fees associated with the product. The component also allows users to view a summary of all cash flows associated with the product. Tips & Tricks: When using the Fulfillment Cash Flow component of FS-FPS, it is important to ensure that all payments, interest, and other fees are accurately entered into the system. This will ensure that all cash flows associated with the product are accurately tracked and managed. Related Information: The Fulfillment Cash Flow component of FS-FPS is closely related to other components of the Financial Products Subledger such as Loan Management and Mortgage Management. These components can be used in conjunction with Fulfillment Cash Flow to manage the cash flows associated with financial products.