What is template category in SAP FS-FPS - Financial Products Subledger?

SAP Term: template category

• Component: FS-FPS

• Component Name: Financial Products Subledger

• Description: A means of grouping together all of the attributes available for describing templates of a particular category. A template category contains all of the attributes that can be assigned to each template version. The attributes shipped by SAP are assigned to one or more template categories. All template categories are predefined by SAP, and are used to classify templates. You can assign a template to only one of the following template categories: Contract Security Securities account

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• Key Concepts: 
  Template category is a feature of the Financial Products Subledger (FS-FPS) component of SAP. It is used to define the characteristics of a financial product, such as its type, currency, and interest rate. Template categories are used to group similar products together and make it easier to manage them. 
  
  How to use it: 
  Template categories can be created in the FS-FPS component of SAP. To do this, go to the “Template Categories” tab in the FS-FPS component and click “Create”. Enter the details of the template category, such as its name, type, currency, and interest rate. Once you have entered all the details, click “Save” to create the template category. 
  
  Tips & Tricks: 
  When creating a template category, make sure that all the details are correct and up-to-date. This will ensure that your financial products are accurately grouped together and managed properly. 
  
  Related Information: 
  For more information on template categories in SAP FS-FPS, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_FINANCIAL_PRODUCTS_SUBLEDGER/latest/en-US