How To Fix FTR_LC126 - Specify the auto extension period

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 126

• Message text: Specify the auto extension period

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC126 - Specify the auto extension period ?

  The SAP error message FTR_LC126 ("Specify the auto extension period") typically occurs in the context of financial transactions related to the management of financial instruments, particularly in the area of treasury and risk management.
  Cause:
  This error message is triggered when a user attempts to create or modify a financial transaction (such as a loan, lease, or other financial instrument) that requires an auto-extension period to be specified, but this information has not been provided. The auto-extension period is important for defining how long a financial instrument can be extended automatically without requiring further action.
  Solution:
  To resolve this error, you need to specify the auto-extension period in the relevant transaction. Here are the steps you can follow:
  
  
  Access the Transaction: Go to the transaction where you encountered the error (e.g., creating or modifying a financial instrument).
  
  
  Locate the Auto-Extension Field: Look for the field that pertains to the auto-extension period. This may be labeled as "Auto Extension Period" or something similar.
  
  
  Enter the Required Information: Input the appropriate value for the auto-extension period. This value typically represents the duration (in days, months, etc.) for which the financial instrument can be extended automatically.
  
  
  Save the Transaction: After entering the required information, save the transaction to see if the error is resolved.
  
  
  Related Information:
  
  
  Configuration Settings: If you are frequently encountering this error, it may be worth checking the configuration settings in your SAP system related to financial instruments. Ensure that the default values for auto-extension periods are set correctly.
  
  
  Documentation: Refer to SAP documentation or help files related to treasury and risk management for more detailed information on managing financial instruments and the significance of the auto-extension period.
  
  
  User Roles and Permissions: Ensure that you have the necessary permissions to modify the financial instrument settings. Sometimes, restrictions in user roles can lead to incomplete data entry.
  
  
  Consult with SAP Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting SAP Notes for any known issues or patches related to this error message.
  
  
  By following these steps, you should be able to resolve the FTR_LC126 error and proceed with your financial transaction in SAP.