What is 'evergreen type' in SAP IS-OIL-DS-EXG - Exchanges?

evergreen type - Overview

• Component: IS-OIL-DS-EXG

• Component Name: Exchanges

• Description: A contract type determining that a contract assigned to an exchange agreement has no predetermined validity period.

evergreen type - Details

• 
  Key Concepts: 
  An evergreen type is a type of exchange in the SAP IS-OIL-DS-EXG component. It is used to define the exchange rate between two currencies for a specific period of time. The rate is determined by the exchange rate at the time of the transaction and is not affected by any subsequent changes in the exchange rate. 
  
  How to use it: 
  The evergreen type can be used to define an exchange rate for a specific period of time. This can be done by entering the currency code, start date, and end date for the exchange rate. The exchange rate will then be applied to all transactions within that period. 
  
  Tips & Tricks: 
  When setting up an evergreen type, it is important to ensure that the start and end dates are accurate. This will ensure that the correct exchange rate is applied to all transactions within that period. 
  
  Related Information: 
  The evergreen type is part of the SAP IS-OIL-DS-EXG component, which provides a range of tools for managing exchanges and currencies. Other features include currency conversion, currency revaluation, and currency translation.