Example: You specify processing category 00002 for the product category fixed-term deposit.
Settlement
Use
The settlement function is in the back office area.
This function enables you to settle financial transactions that belong the Contract activity. The flows for the purchase/sale of transactions with planned status become actual flows.
The back office area, like the trading area, enables you to call up information on existing transactions and make changes to them at a later date. You can monitor and check transaction activities with the settlement function. You can also add any missing data, such as payment instructions or posting details.
Prerequisites
In Customizing you can use the processing category to specify whether you want the financial transaction to be settled or checked. If you have defined a processing category that contains settlement activities in Customizing activity
Define Transaction Types, a transaction must be created by a trader in the trading area and be settled/monitored by a different person in the back office.
Example: You specify processing category 00002 for the product category fixed-term deposit.