How To Fix FTBBYC004 - &1: The maturity must be a whole-number multiple of the payment frequency

SAP Error Message - Details

• Message type: E = Error

• Message class: FTBBYC - Messages for DB accesses

• Message number: 004

• Message text: &1: The maturity must be a whole-number multiple of the payment frequency

What causes this issue?

Reference interest rate &V1&: The compounding frequency is not set to
<ZK>Standard.</> Thus the maturity must be a whole-number multiple of
the payment frequency.

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?

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 FTBBYC004 - &1: The maturity must be a whole-number multiple of the payment frequency ?

  The SAP error message FTBBYC004 indicates that there is an issue with the maturity date of a financial instrument or transaction in relation to its payment frequency. Specifically, it means that the maturity date must be a whole-number multiple of the payment frequency defined for that instrument. 
  Cause:
  
  Maturity Date Misalignment: The maturity date you have entered does not align with the payment frequency. For example, if the payment frequency is quarterly (every 3 months), the maturity date must also fall on a date that is a whole number of quarters from the start date.
  Incorrect Payment Frequency: The payment frequency might be set incorrectly, leading to a mismatch with the maturity date.
  Data Entry Error: There may have been a mistake in entering either the maturity date or the payment frequency.
  
  Solution:
  
  Check Payment Frequency: Verify the payment frequency set for the financial instrument. Ensure it is correct and reflects the intended schedule (e.g., monthly, quarterly, annually).
  Adjust Maturity Date: Modify the maturity date to ensure it is a whole-number multiple of the payment frequency. For example, if the payment frequency is quarterly, the maturity date should be set to a date that is a multiple of 3 months from the start date.
  Review Configuration: If the issue persists, review the configuration settings in the SAP system related to the financial instrument to ensure they are set up correctly.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on setting maturity dates and payment frequencies.
  
  Related Information:
  
  Transaction Codes: You may need to use specific transaction codes in SAP to view or edit the financial instrument details, such as FTR_EDIT for editing financial transactions.
  SAP Notes: Check for any relevant SAP Notes that might address this error or provide additional guidance.
  Testing: After making adjustments, test the transaction again to ensure that the error is resolved.
  
  If you continue to experience issues, it may be beneficial to consult with your SAP support team or a financial consultant familiar with SAP's financial modules.