How To Fix FIPR228 - You cannot define rollover data; action on term end is repayment

SAP Error Message - Details

• Message type: E = Error

• Message class: FIPR - Nachrichten für Finanzprodukte

• Message number: 228

• Message text: You cannot define rollover data; action on term end is repayment

What causes this issue?

You have defined the default action on term end as repayment. You
cannot, therefore, define default rollover data.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

To define rollover data, make the appropriate setting in the
<LS>Fixed-Term Deposit: Action At Term End </>attribute.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FIPR228 - You cannot define rollover data; action on term end is repayment ?

  The SAP error message FIPR228 indicates that there is an issue with defining rollover data for a financial transaction, specifically when the action on term end is set to "repayment." This typically occurs in the context of financial instruments or loans where the system expects a certain configuration for rollover data but finds that the current settings do not allow for it.
  Cause:
  
  Configuration Issue: The financial product or loan is configured to perform a repayment at the end of the term, which does not allow for rollover data to be defined. Rollover data is typically used for extending the term of a loan or financial product rather than repaying it.
  Incompatible Settings: The settings for the financial transaction may not be compatible with the rollover functionality. For example, if the product type is not designed to support rollovers, this error will occur.
  Missing Parameters: Required parameters for rollover data may not be set up correctly in the system.
  
  Solution:
  
  Review Product Configuration: Check the configuration of the financial product or loan in the SAP system. Ensure that it is set up to allow for rollover if that is the intended action. If the action is indeed repayment, then rollover data should not be defined.
  Adjust Action on Term End: If you want to allow for rollover, consider changing the action on term end from "repayment" to a suitable option that allows for rollover, such as "rollover" or "renewal."
  Consult Documentation: Refer to SAP documentation or configuration guides for financial products to understand the implications of the settings you are using.
  Contact SAP Support: If you are unable to resolve the issue through configuration changes, consider reaching out to SAP support for assistance. They can provide insights specific to your system setup.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBPM1 (for managing financial products) or FTR_EDIT (for editing financial transactions) to review and adjust the settings.
  Customizing Settings: Check the customizing settings in the SAP system under Financial Services to ensure that the product types and their respective actions are correctly defined.
  Testing: After making changes, perform tests to ensure that the error does not reoccur and that the financial transactions behave as expected.
  
  By following these steps, you should be able to address the FIPR228 error and configure your financial products appropriately.