What is pledge in SAP RE-FX - Flexible Real Estate Management?

SAP Term: pledge

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Contract management: security deposit agreement One of the forms of security deposit possible in a security deposit agreement. Pledges relate to assets that can be made liquid, for example, real estate, savings accounts, eligible securities, fixed-term deposit accounts.

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• Key Concepts: 
  Pledge is a feature of SAP RE-FX Flexible Real Estate Management that allows a company to secure a loan or other financial obligation with an asset. The asset is held as collateral by the lender, and if the borrower fails to meet their obligations, the lender can take possession of the asset. 
  
  How to use it: 
  In SAP RE-FX, a pledge is created by entering the details of the loan or other financial obligation into the system. This includes information such as the amount of the loan, the interest rate, and the duration of the loan. Once this information is entered, a pledge can be created by selecting the asset that will be used as collateral. 
  
  Tips & Tricks: 
  When creating a pledge in SAP RE-FX, it is important to ensure that all of the details are accurate and up-to-date. This will help to ensure that the lender has all of the necessary information to make an informed decision about whether or not to accept the pledge. 
  
  Related Information: 
  For more information about pledges in SAP RE-FX, please refer to the official documentation on SAP Help Portal. Additionally, there are many online resources available that provide detailed instructions on how to create and manage pledges in SAP RE-FX.