How To Fix FTR_LC186 - Payment date cannot be after term end date &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 186

• Message text: Payment date cannot be after term end date &1

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC186 - Payment date cannot be after term end date &1 ?

  The SAP error message FTR_LC186 indicates that there is an issue with the payment date in relation to the term end date in a financial transaction, specifically in the context of financial instruments or loans. The error message states: "Payment date cannot be after term end date &1," where "&1" represents the term end date.
  Cause:
  This error typically occurs when:
  
  The payment date you are trying to enter is later than the defined term end date for the financial instrument or loan.
  There may be a configuration issue in the financial product settings that does not allow payments to be scheduled beyond the term end date.
  The transaction data may have been incorrectly entered or modified, leading to a mismatch between the payment date and the term end date.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Payment Date: Verify the payment date you are trying to enter. Ensure that it is not later than the term end date specified in the financial instrument or loan agreement.
  
  
  Review Term End Date: Check the term end date associated with the financial transaction. If the term end date is incorrect or needs to be extended, you may need to adjust it in the system.
  
  
  Adjust Transaction Data: If the payment date is indeed valid but the term end date is incorrect, you may need to update the term end date in the relevant financial product configuration or transaction.
  
  
  Consult Documentation: Review the documentation for the specific financial product or instrument to understand the rules regarding payment dates and term end dates.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with a financial expert who is familiar with SAP financial transactions.
  
  
  Related Information:
  
  
  Transaction Codes: You may need to use specific transaction codes in SAP to view or modify financial instruments, such as:
  
  FTR_EDIT: To edit financial transactions.
  FTR_CREATE: To create new financial transactions.
  
  
  
  Configuration Settings: Check the configuration settings for financial instruments in the SAP system to ensure that the rules regarding payment dates and term end dates are correctly set up.
  
  
  User Authorization: Ensure that you have the necessary permissions to make changes to financial transactions and configurations in SAP.
  
  
  By following these steps, you should be able to identify the cause of the error and implement the appropriate solution.