!--a11y-->
Master Contract 
A Master Contract Management (FS-MCM)
business
object that depicts a number of
account contracts arranged
in a group or ranking order.
You can
assign one or more participants to a master contract, in order to represent
processes such as combined settlement,
overdraft protection, and
payment distribution and
monitoring. The assignment can have a
time limit.
A master contract forms a container that does not adopt any of the functions of a participant account. Postings can only be made to participant accounts, not to the master contract. However, the master contract can have attributes such as limits and financial conditions.
The system stores each change in the master data.
A participant can exist in more than one master contract at the same time, whereby these master contracts can be based on products with different features. For example, an account can participate in a combined settlement and also be used as a funding account for overdraft protection. Restriction: Does not apply to products with the feature Payment Distribution and Monitoring.
Only account contracts can participate in master contracts. Master contracts themselves cannot participate in other master contracts.
The system represents a master contract using independent contract elements (such as limit management or locks) and business partners.
The individual contract parts are not used exclusively for master contracts; it is only when they are linked together that they form a structure that enables a master contract to be depicted with its characteristics and options.
The relationship between the master contract and the related account contracts is also defined by the participant attributes.
A master contract is based on a master contract product, which in turn is based on the product category Master Contract.
The attributes and contract elements used in the Master Contract product category determine the scope of functions and descriptive characteristics.
The master contract product can enable further differentiation in the actual master contract. If it does not permit changes, the master contract must completely adopt the default values from the master contract product.
For more
information about product definition, see
Product
Management.
You can process master contracts using the following channels:
· Dialog
Direct Input: For more information, see Customizing for Account Management and choose Technical Documentation for Account Management (FS-AM) ® Concepts and Guidelines ® Migration ® Migration Object ® Master Contract.
BAPI: For more information, see the BAPI Explorer in the documentation for the corresponding BOR object and related BAPIs.

For more information about Contract Management, choose Technical Documentation.