How To Fix FTR_LC065 - Term end date must not fall before the rollover date

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 065

• Message text: Term end date must not fall before the rollover date

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC065 - Term end date must not fall before the rollover date ?

  The SAP error message FTR_LC065 indicates that there is an issue with the term end date in a financial transaction, specifically in the context of financial instruments or loans. The error states that the term end date must not fall before the rollover date. This typically occurs in the context of managing financial contracts, such as loans, leases, or other financial instruments.
  Cause:
  The error is triggered when the term end date of a financial instrument is set to a date that is earlier than the rollover date. The rollover date is the date on which the financial instrument is expected to be renewed or extended. This situation can arise due to:
  
  Incorrect Data Entry: The term end date may have been entered incorrectly.
  System Configuration: There may be issues with the configuration of the financial instrument in the system.
  Business Logic: The business rules governing the financial instrument may not have been followed correctly.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Dates: Review the term end date and the rollover date in the transaction. Ensure that the term end date is set to a date that is equal to or later than the rollover date.
  
  
  Adjust the Term End Date: If the term end date is incorrect, update it to a valid date that meets the requirement.
  
  
  Review Configuration: If the error persists, check the configuration settings for the financial instrument in SAP. Ensure that the rollover date and term end date logic is correctly set up.
  
  
  Consult Documentation: Refer to SAP documentation or your organization's guidelines for managing financial instruments to ensure compliance with business rules.
  
  
  Seek Help from SAP Support: If you are unable to resolve the issue, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Depending on the context, you may be using transaction codes like FTR_EDIT or FTR_CREATE to manage financial transactions.
  Financial Instruments: Understanding the specific financial instrument you are working with (e.g., loans, leases) can provide insights into the expected behavior of the term end and rollover dates.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  By following these steps, you should be able to resolve the error and ensure that your financial transactions are correctly configured in SAP.