What is interim limit in SAP IS-B-RA-CL - Default Risk and Limit System?

SAP Term: interim limit

• Component: IS-B-RA-CL

• Component Name: Default Risk and Limit System

• Description: A temporary increase in the limit. This increase can be converted into a new limit.

Smart SAP Assistant

• Key Concepts: 
  Interim limit is a feature of the IS-B-RA-CL Default Risk and Limit System in SAP. It is a temporary limit that is set for a customer or vendor account, and it is used to control the amount of credit that can be extended to the customer or vendor. The interim limit is usually set for a short period of time, such as one month, and it can be adjusted as needed. 
  
  How to use it: 
  The interim limit can be set by the user in the IS-B-RA-CL Default Risk and Limit System. The user can enter the amount of credit that they want to extend to the customer or vendor, as well as the duration of the interim limit. Once the interim limit has been set, it will remain in effect until it is manually changed or until the end of the specified duration. 
  
  Tips & Tricks: 
  When setting an interim limit, it is important to consider the customer or vendor’s creditworthiness and payment history. This will help ensure that the amount of credit extended is appropriate for their situation. Additionally, it is important to keep track of any changes made to the interim limit so that it can be adjusted as needed. 
  
  Related Information: 
  The IS-B-RA-CL Default Risk and Limit System also includes features such as credit limits, risk ratings, and payment terms. These features can be used in conjunction with the interim limit to help manage credit risk and ensure that customers and vendors are able to pay their bills on time.