Feature, Text Templates is introduced in SAP SRM 713 SP09. This is an enhancement to this feature.
Feature:
This feature provides a central location to create or edit the text templates and use them across the following business objects:
- Shopping Cart
- Purchase Order
- RFx
- RFx Response
- Central Contract
The template created for one note type cannot be used for another note type.
Information:
To use the feature, you have to first activate the Business Function SRM_CONT_IMPR_3 and then activate the Customizing switch Text Templates for Notes(SRM_703_TEXT_TEMPLATE) under SRM Server

Cross-Application Basic Settings

Text Templates

Activate/Deactivate Text Templates for Notes.
Text template feature for business objects can be enabled under the customizing: SRM Server

Cross-Application Basic Settings

Text Templates

Define Business Objects for Text Templates.
For details related to Text Templates refer: Text Templates
For complete details about SAP SRM 7.03 refer: SAP SRM 7.03