How To Fix 1FA586 - No. of days for prenotification of maturity cannot exceed term duration

1FA586 - Overview

• Message type: E = Error

• Message class: 1FA - Betragskündigungen und Freibeträge

• Message number: 586

• Message text: No. of days for prenotification of maturity cannot exceed term duration

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1FA586 - No. of days for prenotification of maturity cannot exceed term duration ?

  The SAP error message "1FA586 No. of days for prenotification of maturity cannot exceed term duration" typically occurs in the context of financial transactions, particularly when dealing with fixed-term investments or loans in the SAP system. This error indicates that the prenotification period set for the maturity of a financial instrument exceeds the actual term duration of that instrument.
  
  Cause:
  
  Configuration Issue: The prenotification period (the time before maturity when a notification is sent) is set to a value that is greater than the term duration of the financial instrument.
  Data Entry Error: During the creation or modification of a financial instrument, the user may have mistakenly entered an incorrect prenotification period.
  System Settings: The system settings or parameters for the financial product may not align with the expected values.
  
  
  Solution:
  
  Check the Term Duration: Review the term duration of the financial instrument in question. Ensure that it is correctly defined and reflects the actual duration