Payment guarantee issue

[Former Member]

Hi,

I would like to know what will be the Impact by changing the value in Payment guarantee procedure in Item--> Billing document -->

Risk management Tab. and also which modules get affected ?

Thanks,

KP.

[Former Member]

Hi,

This can be used in EXPORT scenario where the customer make payments through LETTER OF CREDIT or by PAYMENT CARD.

if you change values in payment guarantee procedure then payment guarantee form will change depending on configuration set up but generally

000001 - Letters of credit then form of payment is CONFIRMED or Unconfirmed Irrevocable LC

and you have to create financial document that is LC by t-code VX11N and same you have to assign to sales order.

This make impacts on FI module as LC payment is processed through BILL OF EXCHANGE in FI

Where as of use 000002 - Payment card then form of payment is obviously payment card that is debit card,credit card,special procurement cards,amex,visa,american express etc.depend on your configuration

This do not need any financial document but need to maintain card type and card number and payment related data in PAYMENT CARD tab at header of sales order.

This again impact on FI as payment card payments are considered special transactions in FI.

kapil