What is trading contract group in SAP LO-GT - Global Trade Management?

SAP Term: trading contract group

• Component: LO-GT

• Component Name: Global Trade Management

• Description:

Smart SAP Assistant

• Key Concepts: 
  A trading contract group is a feature of the SAP LO-GT Global Trade Management component. It is used to group together different trading contracts that have similar characteristics, such as the same trading partner, currency, or payment terms. This allows for easier management of multiple contracts and helps to ensure that all contracts are in compliance with applicable laws and regulations.
  
  How to use it: 
  To create a trading contract group, go to the SAP LO-GT Global Trade Management component and select the “Create Trading Contract Group” option. Enter the details of the contracts you wish to group together, such as the trading partner, currency, and payment terms. Once you have entered all of the necessary information, click “Save” to create the trading contract group.
  
  Tips & Tricks: 
  When creating a trading contract group, it is important to ensure that all of the contracts included in the group have similar characteristics. This will help to ensure that all contracts are in compliance with applicable laws and regulations. Additionally, it is important to keep track of any changes made to the contracts in the group, as this could affect their compliance status.
  
  Related Information: 
  For more information on using SAP LO-GT Global Trade Management, please refer to the official SAP documentation or contact your local SAP representative. Additionally, there are many online resources available that provide helpful tips and tricks for using this component.