How To Fix FICO1533 - &1 formulas are not permitted for the fixed spread

SAP Error Message - Details

• Message type: E = Error

• Message class: FICO1 -

• Message number: 533

• Message text: &1 formulas are not permitted for the fixed spread

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.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FICO1533 - &1 formulas are not permitted for the fixed spread ?

  The SAP error message FICO1533, which states that "&1 formulas are not permitted for the fixed spread," typically occurs in the context of financial calculations within the SAP system, particularly in the Financial Accounting (FI) and Controlling (CO) modules. This error is related to the configuration of interest calculations, particularly when dealing with fixed spreads in financial transactions.
  Cause:
  The error arises when a formula that is not allowed is used in the context of fixed spreads. Fixed spreads are typically used in interest calculations for loans, investments, or other financial instruments. The system expects a specific format or type of input for fixed spreads, and if a formula or calculation that does not conform to these expectations is used, the error will be triggered.
  Solution:
  To resolve the FICO1533 error, you can take the following steps:
  
  
  Check Configuration: Review the configuration settings for interest calculation in the SAP system. Ensure that the fixed spread settings are correctly defined and that no unsupported formulas are being used.
  
  
  Review Input Data: Examine the data being input into the system. Ensure that the values for fixed spreads are entered correctly and do not include any formulas or calculations that are not permitted.
  
  
  Consult Documentation: Refer to SAP documentation or help resources related to interest calculation and fixed spreads. This can provide insights into the correct formats and types of inputs that are allowed.
  
  
  Adjust Formulas: If you are using a custom formula or calculation, consider adjusting it to comply with the requirements for fixed spreads. This may involve simplifying the formula or using predefined calculations that are supported by SAP.
  
  
  Testing: After making changes, conduct tests to ensure that the error no longer occurs and that the calculations are performed correctly.
  
  
  Seek Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more specific guidance based on your system configuration and business processes.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide updates and patches that could resolve the issue.
  Transaction Codes: Familiarize yourself with transaction codes related to financial calculations, such as transaction codes for configuring interest calculations (e.g., OBBA for interest calculation configuration).
  User Forums: Engage with SAP user forums or communities where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the FICO1533 error and implement a solution to resolve it.