How To Fix FTR_FLP007 - Forward loan transactions are only permitted for underlying bond

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FLP - Messages for Forward Loan Transaction

• Message number: 007

• Message text: Forward loan transactions are only permitted for underlying bond

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_FLP007 - Forward loan transactions are only permitted for underlying bond ?

  The SAP error message FTR_FLP007 indicates that a forward loan transaction is being attempted for an underlying financial instrument that is not a bond. This error typically arises in the context of financial transactions involving loans and bonds in the SAP system, particularly in the Financial Services sector.
  Cause:
  The error occurs when:
  
  You are trying to create or process a forward loan transaction (which is a loan that is agreed upon now but disbursed at a future date) for an underlying asset that is not classified as a bond.
  The system expects the underlying asset for a forward loan to be a bond, as this is a common practice in financial transactions where bonds are used as collateral or as the underlying asset for loans.
  
  Solution:
  To resolve this error, consider the following steps:
  
  
  Verify the Underlying Asset:
  
  Check the details of the underlying asset you are trying to use for the forward loan transaction. Ensure that it is indeed a bond and not another type of financial instrument (like stocks, derivatives, etc.).
  
  
  
  Change the Transaction Type:
  
  If the underlying asset is not a bond, you may need to change the transaction type or the financial instrument you are using. Ensure that you are using a bond as the underlying asset for the forward loan.
  
  
  
  Review Configuration Settings:
  
  If you believe that the underlying asset should be accepted, review the configuration settings in the SAP system related to financial transactions. There may be specific settings that restrict forward loans to only bonds.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for further details on the requirements for forward loan transactions. This can provide insights into any specific configurations or prerequisites that need to be met.
  
  
  
  Contact SAP Support:
  
  If the issue persists and you are unable to resolve it, consider reaching out to SAP support or your internal SAP team for 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 pertain to financial transactions, such as FTR_CREATE for creating financial transactions.
  Financial Instruments: Understand the different types of financial instruments supported in your SAP system and their classifications.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide patches or updates that could resolve the issue.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to proceed with your forward loan transaction.