How To Fix FTR_LC154 - Termination date is later than the date for non-extension notice

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 154

• Message text: Termination date is later than the date for non-extension notice

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC154 - Termination date is later than the date for non-extension notice ?

  The SAP error message FTR_LC154 indicates that there is a conflict between the termination date of a financial transaction (such as a loan or lease) and the date set for a non-extension notice. This typically occurs in the context of financial contracts managed within the SAP system, particularly in the area of Treasury and Risk Management.
  Cause:
  The error arises when:
  
  The termination date of a financial transaction is set to a date that is later than the non-extension notice date. 
  The non-extension notice date is the date by which a party must notify the other party if they do not intend to extend the contract. If the termination date is after this notice date, it creates a logical inconsistency.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Dates: Review the termination date and the non-extension notice date in the relevant financial transaction. Ensure that the termination date is not later than the non-extension notice date.
  
  
  Adjust the Dates:
  
  If the termination date is indeed later than the non-extension notice date, you will need to either:
  
  Change the termination date to an earlier date that is on or before the non-extension notice date.
  Adjust the non-extension notice date to a later date that accommodates the termination date.
  
  
  
  
  
  Review Contract Terms: Ensure that the changes you make are in line with the contractual obligations and terms agreed upon in the financial transaction.
  
  
  Save Changes: After making the necessary adjustments, save the changes and try to process the transaction again.
  
  
  Related Information:
  
  Transaction Codes: You may need to use specific transaction codes in SAP to access the financial transaction details, such as FTR_EDIT for editing financial transactions or FTR_CREATE for creating new ones.
  Documentation: Refer to the SAP documentation or help files related to Treasury and Risk Management for more detailed information on managing financial transactions and understanding the implications of termination and notice dates.
  Consult with Stakeholders: If you are unsure about the correct dates to use, consult with relevant stakeholders, such as legal or compliance teams, to ensure that any changes made are compliant with contractual obligations.
  
  By following these steps, you should be able to resolve the error and proceed with your financial transaction in SAP.