What is 'connected account' in SAP FS-LOC-RU - Localization of Banking in Russia?

connected account - Overview

• Component: FS-LOC-RU

• Component Name: Localization of Banking in Russia

• Description: An account that is connected to a customer account and used for analytical banking purposes. The customer has no access to this account. &Example& A connected account that is opened for a customer's deposit account in order to calculate accrued interest. The interest calculations are made and stored in the conncected account for the customer's deposit account.

connected account - Details

• 
  Key Concepts: 
  Connected account is a feature of the FS-LOC-RU Localization of Banking in Russia component of SAP. It allows users to link their bank accounts to their SAP system, allowing for easier and more efficient payments and transfers. 
  
  How to use it: 
  To use the connected account feature, users must first set up a connection between their bank account and their SAP system. This can be done by entering the bank account details into the SAP system. Once the connection is established, users can then make payments and transfers directly from their SAP system. 
  
  Tips & Tricks: 
  When setting up a connection between your bank account and your SAP system, make sure to double-check all of the details you enter. This will help ensure that payments and transfers are made correctly and securely. 
  
  Related Information: 
  For more information on the FS-LOC-RU Localization of Banking in Russia component of SAP, please visit the official SAP website. Additionally, there are many online tutorials available that can help users learn how to use this feature.