How To Fix FTR_LC117 - Rollover date cannot be later than end of term &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 117

• Message text: Rollover date cannot be later than end of term &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC117 - Rollover date cannot be later than end of term &1 ?

  The SAP error message FTR_LC117 indicates that there is an issue with the rollover date in a financial transaction, specifically in the context of financial instruments or contracts. The error message states that the rollover date cannot be later than the end of the term specified for the financial instrument.
  Cause:
  The error typically arises due to one of the following reasons:
  
  Incorrect Rollover Date: The rollover date you are trying to enter is set to a date that exceeds the end date of the financial term.
  Configuration Issues: There may be configuration settings in the system that are not aligned with the expected behavior for rollover dates.
  Data Entry Errors: A simple mistake in entering the dates can lead to this error.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check the Rollover Date: Ensure that the rollover date you are entering is on or before the end of the term. Adjust the date accordingly.
  
  
  Review the End of Term Date: Verify the end of term date for the financial instrument. Make sure it is correctly set and reflects the intended contract duration.
  
  
  Consult Documentation: If you are unsure about the correct dates, refer to the documentation or guidelines for the specific financial instrument you are working with.
  
  
  System Configuration: If the issue persists, check the configuration settings in the SAP system related to financial instruments and rollover processes. You may need to consult with your SAP administrator or a functional consultant.
  
  
  Testing: After making adjustments, test the transaction again to ensure that the error does not reoccur.
  
  
  Related Information:
  
  Transaction Codes: Depending on the context, you may be using transaction codes like FTR_EDIT (to edit financial transactions) or FTR_CREATE (to create new financial transactions).
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  User Roles: Ensure that you have the appropriate permissions to make changes to financial transactions in SAP.
  
  If you continue to experience issues after following these steps, it may be beneficial to reach out to your SAP support team for further assistance.