How To Fix FTR_LC035 - Presentation period condition must not be the presentation date

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 035

• Message text: Presentation period condition must not be the presentation date

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC035 - Presentation period condition must not be the presentation date ?

  The SAP error message FTR_LC035 indicates that there is an issue with the presentation period condition in a financial transaction, specifically in the context of financial instruments. The error message states that the presentation period condition must not be the same as the presentation date. This typically occurs in the context of managing financial instruments, such as derivatives or loans, where the presentation of financial data is crucial for accurate reporting.
  Cause:
  The error arises when the system detects that the presentation period condition (the time frame for which the financial data is being presented) is set to the same date as the presentation date. This can happen due to:
  
  Incorrect Configuration: The settings for the presentation period may not be configured correctly in the system.
  Data Entry Error: During the entry of financial transactions, the user may have inadvertently set the presentation period to the same date as the presentation date.
  System Logic: The logic in the program may not allow for the presentation period to coincide with the presentation date, as it could lead to ambiguity in reporting.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Presentation Period Settings:
  
  Navigate to the relevant configuration settings in SAP for financial instruments.
  Ensure that the presentation period is set correctly and does not match the presentation date.
  
  
  
  Review Transaction Data:
  
  Go to the transaction that triggered the error and review the data entered.
  Make sure that the presentation period is distinct from the presentation date. Adjust the dates accordingly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to financial instruments and presentation periods to understand the expected configurations.
  
  
  
  Test Changes:
  
  After making adjustments, test the transaction again to ensure that the error is resolved.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance. They may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes related to financial instruments, such as FTR_EDIT or FTR_CREATE, where you might encounter this error.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional context or patches that address the issue.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.