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How to configure and account for Trust Receipt

Jun 19, 2017 at 04:10 AM

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Trust Receipt is similar to Letter of Credit where the bank initially settles the payment of goods to Vendor and we, the customer has to repay the bank - a loan liability for us is created and later we repay.

Letter of credit is a more extreme, in the sense that it occurs in the sceario where vendor sells expensive goods to poor countries and a guarantee is required. Trust Receipt is less intense and can be used in more normal scenarios.

Please advice me on how to configure and account for trust receipt in sap hana?

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