What is MA effective date in SAP SAP-LEGAL - Global Field Legal?

SAP Term: MA effective date

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: The effective date of the assignment as stated in each Funding Schedule.

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• Key Concepts: 
  MA effective date is a field in the SAP-LEGAL Global Field Legal component. It is used to store the effective date of a Master Agreement (MA). This date is used to determine when the MA will become active and when it will expire. 
  
  How to use it: 
  The MA effective date field can be found in the SAP-LEGAL Global Field Legal component. To enter the effective date, simply enter the date in the field. The date should be in the format of DD/MM/YYYY. Once entered, the MA will become active on that date and will expire on the same date one year later. 
  
  Tips & Tricks: 
  It is important to ensure that the correct date is entered into the MA effective date field. If an incorrect date is entered, it could result in an incorrect expiration date for the MA. Additionally, it is important to remember that the MA will expire one year after its effective date. 
  
  Related Information: 
  For more information about Master Agreements and their effective dates, please refer to SAP's documentation on Master Agreements. Additionally, you can contact your SAP representative for more information about how to use this field and other related topics.