What is trading partner in SAP FS-FPS - Financial Products Subledger?

SAP Term: trading partner

• Component: FS-FPS

• Component Name: Financial Products Subledger

• Description: A legally independent company within a group that has a business relationship with other companies in its own group.

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• Key Concepts: 
  A trading partner in SAP FS-FPS Financial Products Subledger is a business entity that is involved in a financial transaction. This could be a customer, vendor, or other third-party. The trading partner is responsible for providing the necessary information to complete the transaction. 
  
  How to use it: 
  In order to use the trading partner concept in SAP FS-FPS Financial Products Subledger, you must first create a trading partner record. This record will contain all of the necessary information about the trading partner, such as their name, address, and contact information. Once the record is created, you can then use it to complete transactions with the trading partner. 
  
  Tips & Tricks: 
  When creating a trading partner record in SAP FS-FPS Financial Products Subledger, make sure to include all of the necessary information. This will ensure that all transactions with the trading partner are completed accurately and efficiently. Additionally, it is important to keep the trading partner record up-to-date with any changes in contact information or other details. 
  
  Related Information: 
  For more information on using trading partners in SAP FS-FPS Financial Products Subledger, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.