How To Fix FTR_GUI606 - Interest rate/ price adjustments only possible if contract is settled

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_GUI - TR Transaction Management

• Message number: 606

• Message text: Interest rate/ price adjustments only possible if contract is settled

What causes this issue?

Interest rate or price adjustments for a transaction can only be made
after the transaction has been settled.

How to fix this error?

Settle the transaction.
Repeat the interest rate or price adjustment.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_GUI606 - Interest rate/ price adjustments only possible if contract is settled ?

  The SAP error message FTR_GUI606 indicates that interest rate or price adjustments can only be performed on contracts that have been settled. This error typically arises in the context of financial transactions, particularly in the area of treasury management or financial instruments.
  Cause:
  The primary cause of this error is that the system is trying to apply an interest rate or price adjustment to a financial contract that has not yet been settled. In SAP, certain operations, such as adjustments to interest rates or prices, are only permissible after the contract has reached a settled state. This is to ensure that all calculations and adjustments are based on finalized data.
  Solution:
  To resolve this error, you should follow these steps:
  
  
  Check Contract Status: Verify the status of the contract in question. You can do this by navigating to the relevant transaction in SAP (e.g., using transaction codes like FTR_EDIT or FTR_DISPLAY).
  
  
  Settle the Contract: If the contract is not settled, you will need to perform the settlement process. This typically involves executing the settlement transaction (e.g., FTR_SELL or FTR_SETTLE) to finalize the contract.
  
  
  Re-attempt Adjustment: Once the contract is settled, you can re-attempt the interest rate or price adjustment. The system should allow you to make the necessary changes without generating the error.
  
  
  Review Configuration: If you frequently encounter this error, it may be worth reviewing the configuration settings related to financial contracts and settlements in your SAP system. Ensure that the processes are aligned with your business requirements.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FTR_EDIT, FTR_DISPLAY, FTR_SELL, and FTR_SETTLE.
  Documentation: Consult SAP documentation or help files for detailed information on financial contract management and the settlement process.
  User Roles and Permissions: Ensure that you have the necessary permissions to settle contracts and make adjustments. Sometimes, user roles may restrict access to certain functionalities.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address specific issues.
  
  By following these steps, you should be able to resolve the FTR_GUI606 error and successfully perform the necessary adjustments to your financial contracts.