What is correspondent in SAP SD-FT - Foreign Trade?

SAP Term: correspondent

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A larger bank in a foreign country that helps a small bank in a host country with business.

Smart SAP Assistant

• Key Concepts: 
  A correspondent in SAP SD-FT Foreign Trade is a partner in a foreign trade transaction. This partner can be a customer, vendor, or other third party. The correspondent is responsible for the export/import process and is the contact point for all communication related to the transaction. 
  
  How to use it: 
  In SAP SD-FT Foreign Trade, correspondents are created and maintained in the Correspondent Master Data (CMD) view. This view contains all the necessary information about the correspondent, such as name, address, contact details, and other relevant information. The CMD view also allows you to assign correspondents to specific transactions. 
  
  Tips & Tricks: 
  When creating a new correspondent in SAP SD-FT Foreign Trade, make sure to enter all relevant information accurately and completely. This will ensure that all communication related to the transaction is sent to the correct contact point. 
  
  Related Information: 
  For more information on correspondents in SAP SD-FT Foreign Trade, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_SD_FT/latest/en-US/f9f8d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f4/.