What is exchange contract ID in SAP LO-AGR-CC - Commodity Contracts, Expenses, Basic Functions?

SAP Term: exchange contract ID

• Component: LO-AGR-CC

• Component Name: Commodity Contracts, Expenses, Basic Functions

• Description: An identifier related to an exchange, its commodity identifier, and a futures month and year, enabling retrieval of futures pricing for a pricing lot quantity. This is also known as Exchange Contract Code.

Smart SAP Assistant

• Key Concepts: 
  An exchange contract ID is a unique identifier assigned to a commodity contract in SAP. It is used to track the contract and its associated transactions. The exchange contract ID is generated when the contract is created and stored in the system. 
  
  How to use it: 
  The exchange contract ID can be used to search for a specific contract in SAP. It can also be used to track the status of the contract, such as whether it has been approved or rejected. Additionally, it can be used to view the details of the contract, such as the terms and conditions, pricing, and delivery dates. 
  
  Tips & Tricks: 
  When creating a new commodity contract in SAP, make sure to save the exchange contract ID for future reference. This will make it easier to find and track the contract in the system. 
  
  Related Information: 
  The exchange contract ID is part of the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component in SAP. This component provides functionality for managing commodity contracts, such as creating new contracts, tracking existing contracts, and managing related expenses.