What is external transaction in SAP (IS-B-RA-CL - Default Risk and Limit System)?

SAP Term: external transaction

• Component: IS-B-RA-CL

• Component Name: Default Risk and Limit System

• Description: Comprises transactions that have the following properties: Transactions that exist as raw data in the SAP system and that have not yet been saved in the data pool. Transactions that have already been saved in the data pool and were updated during the day but which have not yet been updated by end-of-day processing.

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• Key Concepts: 
  External transactions are a type of transaction in the IS-B-RA-CL Default Risk and Limit System. They are used to define the risk and limit parameters for external customers, such as banks, insurance companies, and other financial institutions. These parameters are used to determine the risk and limit exposure of the customer. 
  
  How to use it: 
  External transactions are used to define the risk and limit parameters for external customers. The parameters are set up in the system by entering the customer's name, address, contact information, and other relevant information. Once the parameters have been set up, they can be used to determine the risk and limit exposure of the customer. 
  
  Tips & Tricks: 
  When setting up external transactions in the system, it is important to ensure that all of the customer's information is accurate and up-to-date. This will help ensure that the risk and limit exposure of the customer is accurately calculated. 
  
  Related Information: 
  The IS-B-RA-CL Default Risk and Limit System is a powerful tool for managing risk and limit exposure for external customers. It can be used to set up external transactions, monitor customer activity, and generate reports on customer risk and limit exposure.