How To Fix FICO1534 - &1 reference interest rate is not permitted in the fixed spread

SAP Error Message - Details

• Message type: E = Error

• Message class: FICO1 -

• Message number: 534

• Message text: &1 reference interest rate is not permitted in 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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FICO1534 - &1 reference interest rate is not permitted in the fixed spread ?

  The SAP error message FICO1534 indicates that there is an issue with the reference interest rate being used in a fixed spread calculation. This error typically arises in the context of financial transactions, particularly in the SAP Financial Accounting (FI) and Controlling (CO) modules, where interest rates are applied to loans, investments, or other financial instruments.
  Cause:
  The error message "FICO1534 &1 reference interest rate is not permitted in the fixed spread" usually occurs due to one of the following reasons:
  
  
  Invalid Reference Interest Rate: The reference interest rate specified in the transaction is not allowed for the fixed spread calculation. This could be due to configuration settings or business rules that restrict certain rates.
  
  
  Configuration Issues: The settings in the SAP system regarding interest rates and spreads may not be correctly configured. This includes the definition of valid reference interest rates in the system.
  
  
  Data Entry Errors: There may be a mistake in the data entry where an incorrect or unsupported reference interest rate has been inputted.
  
  
  Solution:
  To resolve the FICO1534 error, you can take the following steps:
  
  
  Check Reference Interest Rate: Verify the reference interest rate being used in the transaction. Ensure that it is a valid rate that is permitted for the fixed spread calculation.
  
  
  Review Configuration Settings:
  
  Go to the configuration settings in SAP (Transaction SPRO).
  Navigate to the relevant section for interest rate settings and fixed spreads.
  Ensure that the reference interest rates are correctly defined and that the fixed spread settings allow for the rates being used.
  
  
  
  Consult Documentation: Review any documentation or guidelines provided by your organization regarding the use of interest rates and fixed spreads. There may be specific rules or restrictions in place.
  
  
  Data Entry Verification: Double-check the data entered in the transaction. Ensure that all fields are filled out correctly and that the reference interest rate is selected from the allowed list.
  
  
  Contact SAP Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal SAP team for further assistance. They may have additional insights or solutions based on your specific system configuration.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with interest rates and financial transactions, such as FBL1N (Vendor Line Item Display), FBL3N (G/L Account Line Item Display), and others.
  SAP Notes: Check for any SAP Notes related to error FICO1534 in the SAP Support Portal. These notes may provide additional context or patches that address the issue.
  Training and Documentation: Ensure that users involved in financial transactions are trained on the correct procedures for entering interest rates and spreads in the system.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.