What is 'binding date' in SAP MP-APP-DPE - Dynamic Pricing Engine?

binding date - Overview

• Component: MP-APP-DPE

• Component Name: Dynamic Pricing Engine

• Description: The date on which submitted bids are no longer considered binding.

binding date - Details

• 
  Key Concepts: 
  Binding date is a feature of the Dynamic Pricing Engine (DPE) component of the SAP MP-APP application. It is used to define the date on which a pricing agreement between two parties becomes valid. This date is used to determine when the pricing agreement will be applied to transactions. 
  
  How to use it: 
  The binding date can be set when creating a new pricing agreement in the DPE component. The binding date should be set to the date on which the agreement will become valid. This date will then be used to determine when the pricing agreement will be applied to transactions. 
  
  Tips & Tricks: 
  It is important to ensure that the binding date is set correctly, as this will determine when the pricing agreement will be applied. If the binding date is set incorrectly, it could result in incorrect pricing being applied to transactions. 
  
  Related Information: 
  The binding date is related to other features of the DPE component, such as validity period and validity start date. The validity period determines how long a pricing agreement will remain valid, while the validity start date determines when a pricing agreement will become valid.