How To Fix FTR_LC125 - Auto extension expiry date must fall after end of term

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 125

• Message text: Auto extension expiry date must fall after end of term

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC125 - Auto extension expiry date must fall after end of term ?

  The SAP error message FTR_LC125 indicates that there is an issue with the auto-extension expiry date in a financial transaction, specifically in the context of leasing or financial contracts. The error states that the auto-extension expiry date must fall after the end of the term of the contract. 
  Cause:
  This error typically occurs when:
  
  The auto-extension expiry date is set to a date that is on or before the end date of the current term of the contract.
  There may be a configuration issue or incorrect data entry in the contract details.
  The system is enforcing business rules that require the auto-extension date to be logically after the end of the current term.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Contract Dates: Review the contract details to ensure that the auto-extension expiry date is set correctly. It should be after the end date of the current term.
  
  
  Update Auto-Extension Date: If the auto-extension expiry date is incorrect, update it to a date that is after the end of the term. This can usually be done in the contract management or leasing module of SAP.
  
  
  Review Configuration: If you are consistently encountering this error across multiple contracts, it may be worth reviewing the configuration settings in the system to ensure that the rules governing auto-extension dates are set up correctly.
  
  
  Consult Documentation: Refer to SAP documentation or help files related to financial transactions and leasing contracts for additional guidance on setting up auto-extension dates.
  
  
  Test Changes: After making the necessary changes, test the transaction again to ensure that the error no longer occurs.
  
  
  Related Information:
  
  Transaction Codes: You may need to use specific transaction codes related to contract management or financial transactions, such as FTR_EDIT for editing financial contracts.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional context.
  User Roles: Ensure that you have the appropriate permissions to make changes to contract details in SAP.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial transactions within SAP.