What is processing trade settlement in SAP SLL - Global Trade Services?

SAP Term: processing trade settlement

• Component: SLL

• Component Name: Global Trade Services

• Description: Calculates which quantities were moved and declared to the customs authority within a given settlement period during the Processing Trade customs procedure. The settlement has the following elements: List of declared forms The declared components The declared finished products The settled components The settled finished products

Smart SAP Assistant

• Key Concepts: 
  Processing trade settlement is a feature of SAP's SLL Global Trade Services (GTS) component. It enables companies to manage their global trade operations, including customs clearance, export control, and trade compliance. It also provides tools for managing the financial aspects of international trade, such as payment processing and currency conversion. 
  
  How to use it: 
  Processing trade settlement in GTS is used to manage the financial aspects of international trade. It allows companies to process payments in multiple currencies, convert currencies, and track payments. It also provides tools for managing compliance with international trade regulations. 
  
  Tips & Tricks: 
  When using GTS for processing trade settlement, it is important to ensure that all payments are properly tracked and recorded. Additionally, it is important to ensure that all currency conversions are accurate and up-to-date. 
  
  Related Information: 
  For more information on GTS and processing trade settlement, please visit the SAP website at https://www.sap.com/products/global-trade-services.html.