Relationship Between Account Contract and Product

An account contract is based on an account product. The account product is based on the product category Account. The attributes and contract elements used in the Account Contract product category determine the scope of functions and descriptive characteristics. Product groups group together multiple products.

In this way, the product category can restrict functions and descriptive characteristics. The product uses settings made in Customizing to limit functions and attributes to a greater extent. The product likewise specifies the number of possible levels of autonomy in the assigned account contract. The account product can enable further differentiation in the actual account contract. If it does not permit changes, the account contract must adopt all of the default values from the account product. These restrictions are useful in retail banking, rather than for individual business.

For more information about product definition, see Product Management (FS-AM-PR).

Relationship Between Account Contract and Organizational Unit

The Contract Manager is important for a contract. You assign this when you create the contract. The system generates the following data using this contract managing organizational unit:

Relationship Between Account Contract and Business Partner

In business terms, the account contract is related to at least two business partners: To the account holder and to the bank. In Account Management (FS-AM), the account contract is assigned only to the account holder or possibly an additional business partner. The system assigns the bank by means of the contract-managing organizational unit.

Enterprise Services

You can use the Enterprise Services of the following business objects:

For more information, see SAP Help Portal at  http://help.sap.com/ SOA SAP for Industries SAP for Banking Enterprise Services for banking services from SAP .