How To Fix FTR_LC106 - New term end date must be later than the old term end date:&1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 106

• Message text: New term end date must be later than the old term end date:&1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC106 - New term end date must be later than the old term end date:&1 ?

  The SAP error message FTR_LC106 indicates that there is an issue with the term end dates in a financial transaction, specifically in the context of financial instruments or contracts. The error message states that the new term end date must be later than the old term end date. This typically occurs when you are trying to change or update the end date of a financial term, but the new date you are entering is either the same as or earlier than the existing end date.
  Cause:
  
  Incorrect Date Entry: The most common cause is that the user has mistakenly entered a new term end date that is not later than the current term end date.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies in the date formats or values.
  Business Logic Constraints: The system may have built-in business rules that prevent the modification of term end dates to ensure data integrity.
  
  Solution:
  
  Check the Dates: Review the current term end date and ensure that the new term end date you are trying to enter is indeed later than the existing date.
  Correct the Entry: If you find that the new date is incorrect, enter a valid date that is later than the current term end date.
  Consult Documentation: If you are unsure about the correct dates to enter, refer to your organization's documentation or consult with a financial analyst or SAP consultant.
  Review Business Rules: If the error persists, check if there are any specific business rules or configurations in your SAP system that might be affecting the date changes.
  Testing in a Sandbox: If you are making significant changes, consider testing the changes in a sandbox environment before applying them to the production system.
  
  Related Information:
  
  Transaction Codes: Depending on the context, you may be using transaction codes related to financial instruments, such as FTR_EDIT or FTR_CREATE.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Permissions: Ensure that you have the necessary permissions to make changes to the financial terms.
  Consult SAP Help: The SAP Help Portal can provide additional insights into the specific transaction or module you are working with.
  
  If the problem persists after following these steps, it may be beneficial to reach out to your SAP support team for further assistance.