How To Fix 67683 - Loan &: Premium transfer > Permitted prem. - Guaranteed prem.

SAP Error Message - Details

• Message type: E = Error

• Message class: 67 - Loans Messages - Financial Assets Management

• Message number: 683

• Message text: Loan &: Premium transfer > Permitted prem. - Guaranteed prem.

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 67683 - Loan &: Premium transfer > Permitted prem. - Guaranteed prem. ?

  The SAP error message "67683 Loan &: Premium transfer > Permitted prem. - Guaranteed prem." typically occurs in the context of financial transactions involving loans and premium transfers in SAP's Financial Services (FS) module, particularly in the area of insurance or financial products.
  Cause:
  This error message indicates that the premium transfer amount exceeds the permitted premium amount minus the guaranteed premium. This situation can arise due to several reasons, including:
  
  Incorrect Configuration: The configuration settings for premium limits may not be set correctly in the system.
  Data Entry Errors: The amount entered for the premium transfer may be incorrect or exceed the allowed limits.
  Business Rules Violation: The transaction may violate specific business rules or constraints defined in the system regarding premium transfers.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Configuration:
  
  Review the configuration settings related to premium transfers and loan agreements in the SAP system. Ensure that the permitted premium limits are correctly defined.
  Verify the settings for guaranteed premiums and ensure they align with business requirements.
  
  
  
  Validate Data Entry:
  
  Double-check the amounts entered for the premium transfer. Ensure that the amount does not exceed the permitted premium minus the guaranteed premium.
  If necessary, adjust the premium transfer amount to comply with the limits.
  
  
  
  Review Business Rules:
  
  Consult with your business analysts or financial experts to understand the business rules governing premium transfers. Ensure that the transaction adheres to these rules.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on handling premium transfers and related error messages.
  
  
  
  Testing:
  
  After making adjustments, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Seek Support:
  
  If the issue persists, consider reaching out to your SAP support team or consulting with SAP experts for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan management and premium transfers.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.