Definicja cancellation reserves
The monetary or non-monetary portion of commission that is subject to liability for a certain period of time.
The cancellation reserve is not disbursed to the commission recipient but is withheld as collateral for the purposes of recalls throughout the liability period.
The cancellation reserve is a special type of retention that is used for the security of financial service providers in order to retain commission that is still subject to cancellation liability. At the end of the cancellation liability, the cancellation reserve can be released and disbursed to the commission recipient. Cancellation reserves are mapped with different retention rules.
The cancellation reserve is either created by the retention mass process or it is created manually.
In the case of recalls, the cancellation reserve can be used by the retention mass process to clear any recalls. The cancellation reserve can also be decreased manually.
Słownik i definicje SAPa na C.