How To Fix FTR_COMS063 - &3: Payment date &1 must not fall before fixing date &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_COMS -

• Message number: 063

• Message text: &3: Payment date &1 must not fall before fixing date &2

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 FTR_COMS063 - &3: Payment date &1 must not fall before fixing date &2 ?

  The SAP error message FTR_COMS063 indicates that there is an issue with the payment date in a financial transaction, specifically in the context of financial instruments or treasury management. The error message states that the payment date (&1) must not be earlier than the fixing date (&2). 
  Cause:
  This error typically occurs in scenarios where:
  
  A payment date is set to a date that is before the fixing date. The fixing date is usually the date on which the interest rate or other financial parameters are determined for the transaction.
  The system enforces a rule that the payment cannot be processed before the fixing date, as this could lead to inconsistencies in financial calculations or reporting.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Dates: Review the payment date and the fixing date in the transaction. Ensure that the payment date is set to a date that is on or after the fixing date.
  
  
  Adjust the Payment Date: If the payment date is indeed set incorrectly, modify it to a valid date that meets the requirement (i.e., on or after the fixing date).
  
  
  Review Transaction Details: If you are unsure about the fixing date, check the details of the financial instrument or transaction to confirm the correct fixing date.
  
  
  Consult Documentation: If you are working with specific financial instruments, refer to the relevant SAP documentation or guidelines to understand the rules governing payment and fixing dates.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with a financial expert who is familiar with SAP Treasury and Risk Management.
  
  
  Related Information:
  
  Transaction Types: This error may be encountered in various transaction types within SAP Treasury, such as loans, deposits, or derivatives.
  Configuration Settings: Ensure that the configuration settings for financial instruments in your SAP system are correctly set up to avoid similar issues in the future.
  User Authorization: Make sure you have the necessary permissions to modify transaction details, as restrictions may prevent you from making changes.
  
  By following these steps, you should be able to resolve the error and proceed with your financial transaction in SAP.