How To Fix 1G042 - You have not entered an interest rate or an interest reference

1G042 - Overview

• Message type: E = Error

• Message class: 1G - BKK: Konditionen

• Message number: 042

• Message text: You have not entered an interest rate or an interest reference

What causes this issue?

You created an individual condition position in which neither an
interest rate nor an interest reference is entered.

System Response

The system does not calculate interest for the validity peroid of this
condition.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

1G042 - Details

• The SAP error message 1G042 ("You have not entered an interest rate or an interest reference") typically occurs in the context of financial transactions, particularly when dealing with interest calculations in modules like Treasury and Risk Management or Financial Accounting.
  
  Cause:
  This error message indicates that the system requires an interest rate or an interest reference to proceed with the transaction, but neither has been provided. This can happen in various scenarios, such as:
  
  Missing Interest Rate: The user has not entered an interest rate for a financial transaction that requires it.
  Missing Interest Reference: The transaction may require a reference interest rate (like LIBOR, EURIBOR, etc.) that has not been specified.
  
  Configuration Issues: There may be issues with the configuration of interest rates in the system, such as missing entries in the relevant tables.
  Transaction Type: The specific transaction type being processed may inherently require an interest rate or reference that has not been set