What is 'settlement period' in SAP IS-B-RA-CL - Default Risk and Limit System?

settlement period - Overview

• Component: IS-B-RA-CL

• Component Name: Default Risk and Limit System

• Description: Period between the remittance of the advance payment and the actual receipt of the return payment/delivery.

settlement period - Details

• 
  Key Concepts: 
  Settlement period is a term used in the IS-B-RA-CL Default Risk and Limit System of SAP. It is a period of time during which the system will settle any open transactions. This period is usually set to a specific number of days, and it can be adjusted depending on the needs of the business. 
  
  How to use it: 
  The settlement period can be adjusted in the IS-B-RA-CL Default Risk and Limit System of SAP. To do this, go to the “Settings” tab and select “Settlement Period”. Here, you can enter the desired number of days for the settlement period. Once you have entered the desired number of days, click “Save” to apply the changes. 
  
  Tips & Tricks: 
  It is important to note that the settlement period should be set to an appropriate length for your business needs. If it is set too short, transactions may not be settled in time, resulting in delays or errors. On the other hand, if it is set too long, it may take too long for transactions to be settled, resulting in unnecessary delays. 
  
  Related Information: 
  For more information on how to use the IS-B-RA-CL Default Risk and Limit System of SAP, please refer to the official SAP documentation. Additionally, there are many online tutorials and resources available that can help you understand how to use this system