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

SAP Term: revocable

• Component: SD-FT

• Component Name: Foreign Trade

• Description: Capable of being canceled, withdrawn or altered. In this case, the capability of a buyer importer to cancel or alter a letter of credit after it has been issued by the buyer's bank. Revocable letters of credit are rarely used due to security considerations.

Smart SAP Assistant

• Key Concepts: 
  Revocable in SAP Foreign Trade (SD-FT) refers to the ability to reverse a document or transaction. This means that a document or transaction can be reversed and the original values can be restored. This is useful for correcting errors or making changes to documents or transactions. 
  
  How to use it: 
  In SAP Foreign Trade, revocable documents and transactions can be reversed using the “Reverse Document” function. This function can be found in the menu of the document or transaction that needs to be reversed. Once the document or transaction is reversed, the original values will be restored. 
  
  Tips & Tricks: 
  When reversing a document or transaction in SAP Foreign Trade, it is important to make sure that all of the original values are restored correctly. If any of the values are not restored correctly, it could lead to incorrect data in the system. 
  
  Related Information: 
  In addition to reversing documents and transactions, SAP Foreign Trade also allows users to cancel documents and transactions. Canceling a document or transaction will remove it from the system without restoring any of the original values.