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Function documentationLoans: Term

 

You use the Term (CRM_PROD_FS002) set types to define the possible terms of a financial service product (FS product).

Note Note

Definition of the term is only relevant for FS products of the category Consumer Loan.

End of the note.

Features

  • When you define the possible terms, you can either enter specific times or a term interval:

    • For every entry, you must enter the time unit.

    • You must define a term as a standard setting for the FS product.

  • When you use the FS product in a business transaction, the system transfers the term that you defined as the standard setting to the business transaction date set.

    In the date set, you can use the input help to select an entry for the term. In the standard setting for consumer loans, the system automatically calculates the contract end from the contract start and term.

See also:

Date Management (CRM-BF-DAT)