What is limit group in SAP FS-LMS - Liquidity Management Suite?

SAP Term: limit group

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: A group of parties that share a bilateral limit within LMS.

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• Key Concepts: 
  A limit group is a feature of the FS-LMS Liquidity Management Suite (LMS) that allows users to define and manage limits for their liquidity management activities. It enables users to set up different types of limits, such as credit, debit, and liquidity limits, and to assign them to different entities, such as customers, accounts, or products. The limit group also allows users to monitor and control their liquidity activities in real-time. 
  
  How to use it: 
  To use the limit group feature of the LMS, users must first define the limits they want to set up. This can be done by creating a new limit group or by editing an existing one. Once the limits have been defined, they can be assigned to different entities. The limit group can then be used to monitor and control liquidity activities in real-time. 
  
  Tips & Tricks: 
  When setting up a limit group, it is important to ensure that the limits are appropriate for the entities they are assigned to. For example, if a customer has a high credit limit, it may be necessary to set up a higher debit limit as well. Additionally, it is important to regularly review and update the limits in order to ensure that they remain appropriate for the entities they are assigned to. 
  
  Related Information: 
  For more information on setting up and using limit groups in the LMS, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are several online resources available that provide detailed information on how to use the LMS and its features.