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

SAP Term: no futures

• Component: LO-AGR-CC

• Component Name: Commodity Contracts, Expenses, Basic Functions

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

Smart SAP Assistant

• Key Concepts: 
  No futures is a feature of the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component of SAP. It allows users to enter contracts for commodities without having to enter a future contract. This means that users can enter contracts for commodities without having to commit to a future delivery date. 
  
  How to use it: 
  To use the no futures feature, users must first create a contract for the commodity they wish to purchase. Once the contract is created, users can select the “no futures” option in the contract details. This will allow them to purchase the commodity without having to commit to a future delivery date. 
  
  Tips & Tricks: 
  When using the no futures feature, it is important to remember that the contract will still need to be settled at some point in the future. Therefore, it is important to ensure that the contract is settled in a timely manner in order to avoid any potential issues. 
  
  Related Information: 
  The no futures feature is part of the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component of SAP. For more information on this component and its features, please refer to SAP’s official documentation.