What is side pocket in SAP FS-SR - Regulatory reporting for insurance companies?

SAP Term: side pocket

• Component: FS-SR

• Component Name: Regulatory reporting for insurance companies

• Description: A separate part of a hedge fund that is used to separate illiquid assets from other liquid assets.

Smart SAP Assistant

• Key Concepts: 
  A side pocket is a feature of the FS-SR Regulatory Reporting for Insurance Companies component of SAP. It allows insurers to separate certain assets from their main portfolio and manage them separately. This is useful for managing assets that are subject to different regulations or require special handling. 
  
  How to use it: 
  The side pocket feature can be used to create a separate portfolio for assets that need special handling. This portfolio can be managed separately from the main portfolio, allowing insurers to easily comply with different regulations or manage assets that require special attention. 
  
  Tips & Tricks: 
  When creating a side pocket, it is important to ensure that the assets in the side pocket are properly segregated from the main portfolio. This will help ensure that the assets in the side pocket are managed correctly and in compliance with any applicable regulations. 
  
  Related Information: 
  The side pocket feature is part of the FS-SR Regulatory Reporting for Insurance Companies component of SAP. For more information on this component, please refer to the SAP documentation or contact your SAP representative.