How To Fix FTVV_MESSAGES135 - No interest calculation type in LC or FC selected

SAP Error Message - Details

• Message type: E = Error

• Message class: FTVV_MESSAGES - Reporting Financial Assets Management

• Message number: 135

• Message text: No interest calculation type in LC or FC selected

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 FTVV_MESSAGES135 - No interest calculation type in LC or FC selected ?

  The SAP error message FTVV_MESSAGES135 indicates that there is no interest calculation type selected for a Local Currency (LC) or Foreign Currency (FC) in the relevant configuration. This error typically arises in the context of financial transactions, particularly when dealing with loans, interest calculations, or similar financial instruments.
  Cause:
  The error occurs when:
  
  The system is trying to process a transaction that requires an interest calculation, but no interest calculation type has been defined in the configuration for the relevant currency.
  The configuration settings for the financial transaction do not include the necessary parameters for interest calculation.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration Settings:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to the relevant area for financial transactions (e.g., Loans, Interest Calculation).
  Ensure that the interest calculation types for both Local Currency (LC) and Foreign Currency (FC) are defined.
  
  
  
  Define Interest Calculation Types:
  
  If no interest calculation type is defined, you will need to create one.
  Define the interest calculation type by specifying the necessary parameters such as interest rate, calculation method, and any other relevant details.
  
  
  
  Assign Interest Calculation Types:
  
  Ensure that the defined interest calculation types are assigned to the relevant financial instruments or transactions.
  This may involve linking the interest calculation type to specific loan agreements, contracts, or other financial documents.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the transaction again to ensure that the error no longer occurs.
  Verify that the interest calculation is performed correctly based on the defined parameters.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for configuration, OB52 for fiscal year variant settings, or FBL1N for vendor line items to check related financial data.
  Documentation: Refer to SAP documentation or help files for detailed guidance on configuring interest calculation types.
  Support: If the issue persists after checking the configuration, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the error message FTVV_MESSAGES135 and ensure that interest calculations are properly configured in your SAP system.