How To Fix FTR_LC161 - End of term is earlier than payment date &1 of nominal flow

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 161

• Message text: End of term is earlier than payment date &1 of nominal flow

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC161 - End of term is earlier than payment date &1 of nominal flow ?

  The SAP error message FTR_LC161 indicates that there is a discrepancy between the end of term date and the payment date in a nominal flow. This typically occurs in the context of financial transactions, particularly in the management of financial instruments or loans.
  Cause:
  The error arises when the end of term date (the date when the financial instrument matures or is due) is set to a date that is earlier than the payment date specified in the nominal flow. This situation is logically inconsistent because payments should not be scheduled after the end of the term.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the End of Term Date: Review the end of term date for the financial instrument or transaction in question. Ensure that it is set correctly and reflects the actual maturity date.
  
  
  Verify Payment Dates: Look at the payment schedule associated with the nominal flow. Ensure that all payment dates are set to occur on or before the end of term date.
  
  
  Adjust Dates: If you find that the end of term date is indeed earlier than the payment date, you will need to adjust either the end of term date or the payment date to ensure that the end of term is not earlier than any scheduled payment.
  
  
  Reprocess the Transaction: After making the necessary adjustments, reprocess the transaction to see if the error persists.
  
  
  Consult Documentation: If you are unsure about the correct dates or how to adjust them, refer to your organization's financial policies or consult with a financial analyst or SAP consultant.
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as FTR_EDIT (to edit financial transactions) or FTR_CREATE (to create new financial transactions) to make the necessary changes.
  SAP Notes: Check for any relevant SAP Notes that might provide additional insights or updates related to this error message.
  Configuration Settings: Review the configuration settings in the SAP system related to financial instruments, as incorrect settings may lead to similar issues.
  
  By following these steps, you should be able to resolve the FTR_LC161 error and ensure that your financial transactions are correctly processed within SAP.