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Production Order TECO Status

Hi team,

I have created the production order in SAP. The Order status is "REL MANC PCNF PDLV SETC".

With the above status, i am setting the status "TECO" for my prod order. If i set the status 'TECO", what will happen for my component reservations?

After setting the TECO status, my prod order status will be "REL MANC PCNF PDLV  TECO SETC". With this status, can i able to settle & close my order?

Is the production order status should be DLV & CNF  for settlement & closure even though the order has TECO status?

Thanks

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