How To Fix FTVV_MESSAGES160 - Loan cannot be overredeemed on &1 for capital available on &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTVV_MESSAGES - Reporting Financial Assets Management

• Message number: 160

• Message text: Loan cannot be overredeemed on &1 for capital available on &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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_MESSAGES160 - Loan cannot be overredeemed on &1 for capital available on &2 ?

  The SAP error message FTVV_MESSAGES160 indicates that a loan cannot be overredeemed based on the capital available. This error typically arises in the context of financial transactions involving loans, where the system is enforcing rules regarding the maximum amount that can be redeemed or paid back based on the available capital.
  Cause:
  
  Overredemption Attempt: The error occurs when there is an attempt to redeem or pay back more than the allowable limit based on the capital available for the loan.
  Insufficient Capital: The capital available on the specified date is less than the amount being attempted for redemption.
  Configuration Issues: There may be configuration settings in the loan management module that restrict overredemption based on business rules.
  
  Solution:
  
  Check Available Capital: Verify the capital available on the specified date (&2) to ensure that it is sufficient for the redemption amount being attempted.
  Adjust Redemption Amount: If the redemption amount exceeds the available capital, reduce the amount to be redeemed to a permissible level.
  Review Loan Terms: Check the terms of the loan to understand the limits on redemption and ensure compliance with those terms.
  Configuration Review: If necessary, review the configuration settings in the SAP system related to loan management to ensure they align with business requirements.
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team for specific guidelines related to loan management and redemption processes.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for loan management, such as FTVV (Loan Management) and related reports.
  SAP Notes: Check for any SAP Notes that may address this specific error message or provide additional context or solutions.
  User Roles and Permissions: Ensure that the user attempting the transaction has the necessary permissions to perform loan redemptions.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP Financials for further assistance.