BROKER ACCOUNT title: broker account (FS-CD) (SAP Library - Glossary)
BROKER ACCOUNT category: Collections/Disbursements (FS-CD)
BROKER ACCOUNT explained:
Subledger account that the insurance company manages for settlement with brokers. This open item-managed account is used to post all transactions that affect the broker directly:
Commission for broker Premiums that the broker has collected Payments made by the broker to the customer Costs incurred by the broker Incoming payments made by the broker.The collected premiums and disbursed payments always appear on the broker account as a total, which the system calculates from the individual receivables or payables on the customer contract accounts.
More terms such as broker account in Dictionary B.
- Manual Base Character:
- Help does not graphically combine with preceding characters, and is neither a control character nor a format character. Most Unicode characters are base characters. This sense of graphic combination does broker account definition.
- Manual Barter Operation:
- Help whereby two companies exchange goods or services and waive payment. For example, Moscow Industrial Co. provides St Petersburg Metals with ball bearings. By way of payment, St Petersburg Metal broker account explain.
- Manual Baseline:
- Help A level of configuration that has been formally reviewed and agreed upon. The Baseline serves as a development platform and is the basis for further configuration and business process development broker account what is.
- Manual Behavior Profile:
- Help A set of traits that model the behavior for an object family by defining states and transitions broker account meaning.
- Manual Beta Service Level:
- Help oriented service level given in percentage form showing that it is possible for x % of the expected entire customer demand to be met within the planning period. Extended safety stock planning in broker account abbreviation.
