What is 'presenting party' in SAP FS-PE - Payment Engine?

presenting party - Overview

• Component: FS-PE

• Component Name: Payment Engine

• Description: Indicates information of the presenting party payment notes. This field indicates either the details of the related transaction or a reference to another message that contains the details that must be forwarded to the credited customer.

presenting party - Details

• 
  Key Concepts: 
  The presenting party is a term used in the SAP FS-PE Payment Engine component. It is a party that initiates a payment transaction and is responsible for the payment. The presenting party can be either the payer or the payee. 
  
  How to use it: 
  In the SAP FS-PE Payment Engine, the presenting party is specified when creating a payment transaction. The presenting party is responsible for providing all the necessary information for the payment to be processed, such as the amount, currency, and payment method. 
  
  Tips & Tricks: 
  When creating a payment transaction in SAP FS-PE Payment Engine, it is important to specify the presenting party correctly. This will ensure that the payment is processed correctly and efficiently. 
  
  Related Information: 
  For more information on SAP FS-PE Payment Engine, please refer to the official SAP documentation.