KNB1-VLIBB “Amount insured” field

[andreagiugio]

Hi all,

how the field “Amount insured” KNB1-VLIBB, in the customer master data, works and how is it populated ?

Is there any link between this field and the credit data?

I did some research but found nothing about it.

Thanks a lot for your help!!

[RutwikN]

Hi,

This part of the Customer Master is usually handled by the FI team.

This field comes under "Customer: Insurance" for Export Credit Insurance.

This is in case the Customer has taken any Insurance against the inability to pay. This comes into effect mainly in cases of Long Term Payables for the Customer (Long Term Receivables for the Company).

This part of Customer Master Stores the data for -

Insurance Policy Number, Institution Number (of the Credit Insurance Company), total amount Insured, Validity Period, and Number of Months for which Open Items are covered by the Insurance.

The Data maintained here is externally, in order to integrate it with any external sources, for risk management for receivables.

Please refer to - https://help.sap.com/saphelp_erp60_sp/helpdata/en/4a/8cc95360267214e10000000a174cb4/content.htm?no_c...

Hope this clarifies your doubt. If it does, kindly mark this answer as "Accepted".

Kind Regards,

Rutwik