How To Fix FTR_LC024 - Rollover date cannot be the same as the term end date

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_LC - Message class for Letter of Credit

• Message number: 024

• Message text: Rollover date cannot be the same as the term end date

Self-Explanatory Message

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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_LC024 - Rollover date cannot be the same as the term end date ?

  The SAP error message FTR_LC024 indicates that there is an issue with the rollover date in a financial transaction, specifically in the context of financial instruments or loans. The error states that the rollover date cannot be the same as the term end date. 
  Cause:
  This error typically occurs in the following scenarios:
  
  Rollover Date and Term End Date Match: The rollover date you are trying to set is identical to the term end date of the financial instrument. In financial terms, a rollover date is expected to be a date after the term end date, as it signifies the transition to a new term or the continuation of the financial instrument.
  Incorrect Data Entry: There may have been a mistake in entering the dates, leading to them being the same.
  Configuration Issues: There could be issues with the configuration of the financial instrument in the SAP system that does not allow for the rollover to be processed correctly.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  Check Dates: Review the rollover date and the term end date. Ensure that the rollover date is set to a date that is after the term end date.
  Adjust Rollover Date: If the rollover date is indeed the same as the term end date, change the rollover date to a later date.
  Review Transaction Details: Ensure that all other details related to the financial instrument are correct and consistent.
  Consult Documentation: If you are unsure about the correct dates or the process, refer to the SAP documentation or user manuals related to financial transactions and rollover processes.
  Contact Support: If the issue persists after checking the dates and configurations, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Financial Instruments: Understanding the nature of the financial instrument you are working with can help clarify the expected behavior of rollover dates.
  SAP Configuration: Familiarity with the configuration settings in SAP for financial transactions can help prevent similar issues in the future.
  User Training: Ensuring that users are trained on the correct processes for entering and managing financial transactions can reduce the likelihood of errors.
  
  By following these steps, you should be able to resolve the FTR_LC024 error and proceed with your financial transaction in SAP.