What is quotation type in SAP IS-B - SAP for Banking?

SAP Term: quotation type

• Component: IS-B

• Component Name: SAP for Banking

• Description: Bank Components Type of price, rates or interest rate quotation. Assignment occurs for reference interest rates and yield curve types. The following quotation types are available: average bid ask

Smart SAP Assistant

• Key Concepts: 
  A quotation type in IS-B SAP for Banking is a way of categorizing different types of quotations. It is used to differentiate between different types of quotations, such as those for sales, purchase, or service. Quotation types are also used to determine the pricing and payment terms associated with a particular quotation. 
  
  How to use it: 
  In order to use quotation types in IS-B SAP for Banking, users must first create a quotation type in the system. This can be done by navigating to the “Quotation Types” tab in the system and selecting “Create”. From there, users can enter the details of the quotation type, such as its name, description, and pricing terms. Once the quotation type has been created, it can be assigned to any quotations that are created in the system. 
  
  Tips & Tricks: 
  When creating a quotation type in IS-B SAP for Banking, it is important to ensure that all of the details are accurate and up-to-date. This will help ensure that all quotations created with this type are accurate and reflect the correct pricing and payment terms. Additionally, it is important to keep track of all quotation types that have been created in order to avoid confusion when assigning them to quotations. 
  
  Related Information: 
  For more information on quotation types in IS-B SAP for Banking, please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature effectively.