What is 'no basis' in SAP LO-AGR-CC - Commodity Contracts, Expenses, Basic Functions?

no basis - Overview

• Component: LO-AGR-CC

• Component Name: Commodity Contracts, Expenses, Basic Functions

• Description: A scenario where the futures component of a commodity price is determined, but the basis component is not yet established. Can apply to a contract or to a pricing lot.

no basis - Details

• 
  Key Concepts: 
  No basis is a term used in the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component of SAP. It refers to the absence of a contract or agreement between two parties. This means that there is no legal obligation for either party to fulfill any of the terms of the contract. 
  
  How to use it: 
  No basis can be used in SAP to indicate that there is no contract or agreement between two parties. This can be used to indicate that there is no legal obligation for either party to fulfill any of the terms of the contract. It can also be used to indicate that there is no financial obligation for either party to fulfill any of the terms of the contract. 
  
  Tips & Tricks: 
  When using no basis in SAP, it is important to remember that it does not necessarily mean that there is no relationship between two parties. It simply means that there is no legal or financial obligation for either party to fulfill any of the terms of the contract. 
  
  Related Information: 
  No basis can be used in conjunction with other SAP components such as LO-AGR-CC Commodity Contracts, Expenses, and Basic Functions. It can also be used in conjunction with other SAP components such as LO-AGR-CC Commodity Contracts, Expenses, and Basic Functions. Additionally, it can be used in conjunction with