Yes, you will keep the IP on your code.
It would be nice to see this point elaborated on a little bit.
Here the page merely says that I'd keep my IP. However, other places in the Terms of Service tell me that I cannot monetize anything posted to Code Exchange, and that I am allowed to post my code to code exchange exclusively. Basically, this says that I cannot sell or distribute anything posted to this site, which sounds like a restriction of my IP.
Perhaps it would be easier for the community if SAP selected an existing OSS license and simply said that all code posted to code exchange must comply with the terms of the blah blah blah license. This would be something that most developers would be able to understand, or at least be able to look up on other community portals.
Good point. I am currently trying to clarify that...