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

FTR_TRES057 - Overview

• 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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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_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