How To Fix FVD_CANCRES013 - Rescission period has not yet expired; execute a rescission

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_CANCRES - Messages for Rescission / Withdrawal

• Message number: 013

• Message text: Rescission period has not yet expired; execute a rescission

What causes this issue?

The time frame in which a rescission can be executed is defined in the
product profile. This time frame as not yet elapsed. You can not yet
execute a withdrawal.

System Response

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 rescission.

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_CANCRES013 - Rescission period has not yet expired; execute a rescission ?

  The SAP error message FVD_CANCRES013 indicates that a rescission (cancellation) operation cannot be performed because the rescission period has not yet expired. This typically occurs in the context of financial transactions, such as loan agreements or contracts, where there is a defined period during which a rescission can be executed.
  Cause:
  
  Rescission Period: The rescission period is a predefined timeframe during which a transaction can be canceled or rescinded. If you attempt to execute a rescission before this period has expired, SAP will generate this error message.
  Configuration Settings: The settings in the system regarding the rescission period may not align with the current transaction's status or timing.
  Transaction Status: The transaction you are trying to rescind may not be in a state that allows for rescission, or it may have already been processed in a way that prevents further changes.
  
  Solution:
  
  Wait for Expiration: If the rescission period has not yet expired, you will need to wait until it does before attempting to execute the rescission again.
  Check Configuration: Review the configuration settings related to the rescission period in your SAP system. Ensure that they are set correctly according to your business requirements.
  Review Transaction Details: Check the details of the transaction you are trying to rescind. Ensure that it is eligible for rescission and that you are following the correct process.
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines regarding rescission processes to ensure compliance with procedures.
  Contact Support: If you believe the error is incorrect or if you need further assistance, consider reaching out to your SAP support team or consulting with a functional expert who can provide insights based on your specific configuration and business processes.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this error or provide additional context on rescission processes.
  Transaction Codes: Familiarize yourself with transaction codes related to rescission and cancellation processes in your SAP environment.
  User Roles and Permissions: Ensure that you have the necessary permissions to perform rescission actions, as restrictions may apply based on user roles.
  
  By following these steps, you should be able to address the error message and understand the context in which it occurs.