How To Fix FTR_TRES057 - The interest calculation method entered does not match the ref. int. rate

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TRES -

• Message number: 057

• Message text: The interest calculation method entered does not match the ref. int. rate

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TRES057 - The interest calculation method entered does not match the ref. int. rate ?

  The SAP error message FTR_TRES057 indicates that there is a mismatch between the interest calculation method specified in a financial transaction and the reference interest rate that is being used. This error typically occurs in the context of financial instruments, such as loans or derivatives, where interest calculations are critical.
  Cause:
  
  Mismatch in Interest Calculation Method: The interest calculation method defined in the transaction does not align with the reference interest rate settings in the system. For example, if the reference interest rate is set to a specific calculation method (like simple interest), but the transaction is set to a different method (like compound interest), this error will occur.
  Configuration Issues: There may be configuration issues in the system settings for interest calculation methods or reference interest rates.
  Data Entry Errors: Incorrect data entry when creating or modifying the financial transaction can lead to this error.
  
  Solution:
  
  Check Interest Calculation Method: Review the interest calculation method specified in the transaction. Ensure that it matches the method expected for the reference interest rate being used.
  Review Reference Interest Rate Settings: Check the configuration of the reference interest rate in the system. Ensure that it is set up correctly and that the calculation method aligns with the transaction.
  Adjust Transaction Data: If the transaction was entered incorrectly, modify the transaction to use the correct interest calculation method that matches the reference interest rate.
  Consult Documentation: Refer to SAP documentation or configuration guides for financial instruments to understand the correct settings and configurations.
  Contact Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FTR_EDIT or FTR_CREATE to edit or create financial transactions.
  Configuration Path: The configuration for interest calculation methods can typically be found in the SAP Customizing Implementation Guide (IMG) under Financial Services > Treasury and Risk Management > Transaction Manager > Settings for Interest Calculation.
  Testing: After making changes, test the transaction again to ensure that the error is resolved.
  
  By following these steps, you should be able to identify and resolve the cause of the FTR_TRES057 error in SAP.