What is reference scenario in SAP IS-B-SA-ALM - Asset/Liability Management?

SAP Term: reference scenario

• Component: IS-B-SA-ALM

• Component Name: Asset/Liability Management

• Description: Defines which scenario or scenario progression is to be used for comparative analyses. For example, a reference scenario could be used to compare three extreme scenarios, such as high interest rates, constant interest rates, and low interest rates, with a reference scenario containing current market data.

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• Key Concepts: 
  Reference scenarios are pre-defined business processes in SAP Asset/Liability Management (IS-B-SA-ALM) that provide a starting point for users to customize their own processes. These scenarios are designed to help users quickly and easily configure their system to meet their specific business needs. 
  
  How to use it: 
  Reference scenarios can be used as a starting point for configuring the SAP Asset/Liability Management system. They provide a template of the necessary steps and settings needed to complete a particular process. Users can then customize the reference scenario to meet their specific business requirements. 
  
  Tips & Tricks: 
  When using reference scenarios, it is important to understand the underlying business process and how it relates to the SAP system. This will help ensure that the reference scenario is configured correctly and that all necessary steps are taken. Additionally, it is important to test the reference scenario thoroughly before deploying it in a production environment. 
  
  Related Information: 
  For more information on reference scenarios in SAP Asset/Liability Management, please refer to the official SAP documentation at https://help.sap.com/viewer/product/IS-B-SA-ALM/latest/en-US.