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 Reserving in a Foreign Currency

 

You can enter reserves in a claim in a currency that differs from the product currency. You may need to do this, for example, if you have to create a payment in a claim in a foreign currency. You can change the currency of the reserve during the different processing steps within a claim. These include:

  • When you create a subclaim

  • When you add a new reserve

  • When you change an existing reserve

Technical Details

Technical Name of Product Feature

INS_FSCM_FOREIGN_CURR_RESERVE

Product Feature Is

New

Country Dependence

Valid for all countries

Software Component Version

Insurance 617

Application Component

FS-CM (Claims Management)

Available From

SAP enhancement package 7 for SAP ERP 6.0, SP12

Required Business Functions

Insurance Claim Handling 5 - Additional Functions 2

Effects on Customizing

In Customizing for SAP Insurance under Start of the navigation path Claims Management Next navigation step Claim Next navigation step Product Configuration Next navigation step Configure Policy Products End of the navigation path, you have activated reserving in a foreign currency for the corresponding policy product. To do this, select the Foreign Currency Reserve checkbox at Policy Product Version level for the corresponding policy product.