How To Fix 65160 - Flow cat. 'Repayment' not possible for repayment type 'Perpetual bond'

SAP Error Message - Details

• Message type: E = Error

• Message class: 65 - Securities class data

• Message number: 160

• Message text: Flow cat. 'Repayment' not possible for repayment type 'Perpetual bond'

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 65160 - Flow cat. 'Repayment' not possible for repayment type 'Perpetual bond' ?

  The SAP error message 65160, which states "Flow cat. 'Repayment' not possible for repayment type 'Perpetual bond'," typically occurs in the context of financial transactions involving bonds in the SAP system. This error indicates that the system is trying to process a repayment for a perpetual bond, which is not allowed because perpetual bonds do not have a maturity date and therefore do not require repayment in the traditional sense.
  Cause:
  
  Nature of Perpetual Bonds: Perpetual bonds, also known as "consols," are debt securities that do not have a maturity date. They pay interest indefinitely and do not require the principal to be repaid. Therefore, attempting to process a repayment for such bonds is logically incorrect.
  Configuration Issues: There may be a configuration issue in the SAP system where the repayment type for perpetual bonds is not set up correctly, leading to this error when a repayment transaction is attempted.
  
  Solution:
  
  Review Transaction Type: Ensure that the transaction you are trying to execute is appropriate for a perpetual bond. Instead of a repayment, you may need to process an interest payment or another type of transaction that aligns with the nature of perpetual bonds.
  Check Configuration: If you believe the transaction is correct, check the configuration settings in the SAP system related to financial instruments and repayment types. Ensure that perpetual bonds are correctly classified and that the system is set up to handle them appropriately.
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team to understand the correct procedures for handling perpetual bonds in your specific version of SAP.
  Error Handling: If this error occurs during a specific process, consider implementing error handling or validation checks in your transaction processing to prevent attempts to process repayments for perpetual bonds.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide guidance on handling perpetual bonds.
  Financial Instrument Management: Familiarize yourself with the financial instrument management module in SAP, as it may provide additional insights into how different types of bonds are managed.
  User Training: Ensure that users involved in financial transactions are trained on the characteristics of different bond types, including perpetual bonds, to avoid similar errors in the future.
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support for further assistance.