What is excluded party in SAP FS-LMS - Liquidity Management Suite?

SAP Term: excluded party

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: Party that is not included in a group limit.

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• Key Concepts: 
  Excluded parties are entities that are not allowed to participate in a transaction due to legal or regulatory restrictions. In the SAP FS-LMS Liquidity Management Suite, excluded parties are defined as entities that are not allowed to be involved in a transaction due to legal or regulatory restrictions. This includes entities such as sanctioned countries, terrorist organizations, and other entities that are prohibited from participating in certain transactions. 
  
  How to use it: 
  In the SAP FS-LMS Liquidity Management Suite, excluded parties can be identified by entering the name of the entity into the system. The system will then search for any matches and display a list of potential excluded parties. Once an excluded party is identified, the user can then take appropriate action to ensure that the entity is not involved in any transactions. 
  
  Tips & Tricks: 
  It is important to regularly review and update the list of excluded parties in order to ensure compliance with legal and regulatory requirements. Additionally, it is important to ensure that all transactions are properly documented and tracked in order to ensure compliance with applicable laws and regulations. 
  
  Related Information: 
  For more information on excluded parties and how to use them in the SAP FS-LMS Liquidity Management Suite, please refer to the official SAP documentation. Additionally, there are several online resources available that provide additional information on this topic.