How To Fix FICO1535 - &1 fixed interest rate is not permitted in the floating spread

SAP Error Message - Details

• Message type: E = Error

• Message class: FICO1 -

• Message number: 535

• Message text: &1 fixed interest rate is not permitted in the floating 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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FICO1535 - &1 fixed interest rate is not permitted in the floating spread ?

  The SAP error message FICO1535, which states that "fixed interest rate is not permitted in the floating spread," typically occurs in the context of financial transactions involving interest rates in the SAP system, particularly in the Financial Accounting (FI) and Controlling (CO) modules.
  Cause:
  This error usually arises when there is an attempt to set a fixed interest rate in a context where a floating interest rate is expected. In financial instruments, a floating spread typically refers to a variable interest rate that can change over time, while a fixed interest rate remains constant. The system does not allow a fixed interest rate to be used in a floating rate context, leading to this error.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Interest Rate Configuration:
  
  Review the configuration settings for the interest rates in the relevant financial transaction or contract. Ensure that the interest rate type is set correctly (i.e., floating vs. fixed).
  
  
  
  Adjust the Transaction:
  
  If you are entering a transaction, ensure that you are using the correct interest rate type. If the transaction is meant to use a floating interest rate, make sure that you are not inadvertently selecting a fixed interest rate.
  
  
  
  Review Master Data:
  
  Check the master data for the financial instrument or contract involved. Ensure that the settings for interest rates are consistent with the type of transaction being processed.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on interest rate settings and configurations. This can provide insights into how to properly set up floating and fixed interest rates.
  
  
  
  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 configuration and usage.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide updates and patches that could resolve the issue.
  Transaction Codes: Familiarize yourself with transaction codes related to interest rate configuration, such as those used for managing financial instruments or settings in the Treasury module.
  Training and Documentation: Ensure that users involved in financial transactions are trained on the correct usage of interest rates in SAP to prevent similar errors in the future.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.