How To Fix FTR_LC068 - Contract credit amount is less than presentation amount

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 068

• Message text: Contract credit amount is less than presentation amount

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC068 - Contract credit amount is less than presentation amount ?

  The SAP error message FTR_LC068 indicates that there is a discrepancy between the contract credit amount and the presentation amount in a financial transaction, typically related to financial instruments or contracts. This error often arises in the context of managing financial contracts, such as loans, derivatives, or other financial instruments.
  Cause:
  The error occurs when the amount that is being presented (e.g., for payment or settlement) exceeds the credit amount that has been defined in the contract. This can happen due to several reasons, including:
  
  Incorrect Data Entry: The presentation amount may have been entered incorrectly, leading to a mismatch with the contract credit amount.
  Contract Configuration Issues: The contract may not be set up correctly, or the credit amount may not have been updated to reflect changes in the contract terms.
  Currency Conversion Issues: If the amounts are in different currencies, discrepancies may arise due to exchange rate differences.
  Changes in Contract Terms: If the terms of the contract have changed after the initial setup, the credit amount may not have been adjusted accordingly.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  Verify Data Entry: Check the presentation amount entered in the transaction and ensure it matches the expected amount based on the contract terms.
  Review Contract Details: Go to the contract in question and verify the credit amount. Ensure that it is correctly defined and reflects any recent changes.
  Check Currency Settings: If applicable, ensure that the currency settings are correct and that any necessary conversions have been applied.
  Adjust Presentation Amount: If the presentation amount is indeed higher than the credit amount, you may need to adjust it to align with the contract.
  Consult Documentation: Review any relevant documentation or guidelines related to the specific financial instrument or contract type to ensure compliance with the expected processes.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting the SAP community for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to financial contracts, such as FTR_EDIT (to edit financial transactions) or FTR_DISPLAY (to display financial transactions).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Manuals: Refer to user manuals or training materials specific to the financial module you are working with, as they may contain troubleshooting steps for common errors.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.