What is characteristic in SAP IS-B - SAP for Banking?

SAP Term: characteristic

• Component: IS-B

• Component Name: SAP for Banking

• Description: Bank Components Evaluation criterion for data from various areas, such as for a security order: ID number, securities account, order date, final day and business partner. Characteristics can have various characteristic values. The characteristic currency, for example, has the characteristic values EUR and USD.

Smart SAP Assistant

• Key Concepts: 
  A characteristic is a feature of an object in the IS-B SAP for Banking system. It is used to describe the object and can be used to filter and sort data. Characteristics are used to store information about objects such as customer accounts, transactions, and products. 
  
  How to use it: 
  Characteristics can be used to filter and sort data in the IS-B SAP for Banking system. For example, you can use characteristics to filter customer accounts by type or sort transactions by date. You can also use characteristics to store additional information about objects such as product descriptions or customer contact information. 
  
  Tips & Tricks: 
  When creating characteristics, make sure they are descriptive and easy to understand. This will make it easier for users to filter and sort data in the system. Additionally, make sure that the characteristics are relevant to the object they are describing. 
  
  Related Information: 
  For more information on characteristics in the IS-B SAP for Banking system, please refer to the official SAP documentation.