How To Fix FVD_CANCRES000 - Rescission period expired; rescission no longer possible

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_CANCRES - Messages for Rescission / Withdrawal

• Message number: 000

• Message text: Rescission period expired; rescission no longer possible

What causes this issue?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Execute a withdrawal/reduction.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_CANCRES000 - Rescission period expired; rescission no longer possible ?

  The SAP error message FVD_CANCRES000 indicates that a rescission (cancellation) period has expired, meaning that the system no longer allows the cancellation of a transaction or contract. This error typically occurs in the context of financial transactions, such as loan agreements, contracts, or other financial products managed within the SAP system.
  Cause:
  
  Expired Rescission Period: Each financial transaction may have a defined rescission period during which it can be canceled. If this period has passed, the system will not allow any further cancellation actions.
  Configuration Settings: The rescission period may be configured in the system settings, and if the period is set too short or has been reached, it will trigger this error.
  Transaction Status: The status of the transaction may have changed, making it ineligible for rescission.
  
  Solution:
  
  Check Rescission Period: Review the transaction details to confirm the rescission period. If it has indeed expired, you will need to follow the appropriate procedures for handling transactions that cannot be rescinded.
  Consult Configuration: If you believe the rescission period should be longer, consult with your SAP administrator or configuration team to review and potentially adjust the settings for the rescission period.
  Alternative Actions: If rescission is no longer possible, consider alternative actions such as:
  
  Modifying the transaction if allowed.
  Creating a new transaction to replace the old one.
  Consulting with your finance or legal team for further options based on your organization's policies.
  
  
  Documentation: Ensure that all actions taken are well-documented for compliance and auditing purposes.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any updates or patches related to this error message. SAP frequently releases notes that may address specific issues or provide additional guidance.
  User Manuals: Refer to the user manuals or help documentation for your specific SAP module (e.g., SAP Financial Services) for more detailed information on handling transactions and rescission periods.
  Support: If the issue persists or if you need further assistance, consider reaching out to SAP support or your internal IT support team for help.
  
  By following these steps, you should be able to address the error message and understand the implications of the rescission period in your SAP environment.