What is Central Credit Committee in SAP FS-PE - Payment Engine?

SAP Term: Central Credit Committee

• Component: FS-PE

• Component Name: Payment Engine

• Description: An industry association of the German banking industry. Until August 2011, the association was known as the "Central Credit Committee" German: "Zentraler Kreditausschuss" / ZKA when it adopted a new name "German Banking Industry Committee" GBIC German: "Die Deutsche Kreditwirtschaft" / DK.

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• Key Concepts: 
  The Central Credit Committee (CCC) is a component of the SAP FS-PE Payment Engine. It is responsible for managing the credit risk of customers and ensuring that payments are made in a timely manner. The CCC is responsible for setting credit limits, approving or rejecting payments, and monitoring customer payment behavior. 
  
  How to use it: 
  The CCC can be used to manage customer credit risk by setting credit limits, approving or rejecting payments, and monitoring customer payment behavior. The CCC can also be used to ensure that payments are made in a timely manner. 
  
  Tips & Tricks: 
  When setting credit limits, it is important to consider the customer’s payment history and financial situation. It is also important to consider the customer’s ability to pay back the loan in a timely manner. 
  
  Related Information: 
  The CCC is part of the SAP FS-PE Payment Engine, which is a comprehensive solution for managing payments and credit risk. The Payment Engine also includes features such as fraud detection, payment reconciliation, and payment optimization.