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

FVD_CANCRES000 - Overview

• 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.

FVD_CANCRES000 - Details

• 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