How To Fix FVD_CANCRES023 - Executed rescission has been deleted; Loan contract reactivated

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_CANCRES - Messages for Rescission / Withdrawal

• Message number: 023

• Message text: Executed rescission has been deleted; Loan contract reactivated

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_CANCRES023 - Executed rescission has been deleted; Loan contract reactivated ?

  The SAP error message FVD_CANCRES023 indicates that a rescission (cancellation) of a loan contract has been executed, but that rescission has since been deleted, leading to the reactivation of the loan contract. This situation typically arises in the context of financial services and loan management within the SAP system.
  Cause:
  
  Rescission Deletion: The primary cause of this error is that a previously executed rescission of a loan contract was deleted. This could happen due to user error, a system process, or a change in business requirements.
  Data Integrity Issues: The deletion of the rescission may lead to inconsistencies in the data, as the system expects the rescission to be in place for the loan contract to remain inactive.
  Process Flow Issues: The error may also arise if the process flow for managing loan contracts and rescissions is not followed correctly.
  
  Solution:
  
  Check Rescission Status: Verify the status of the rescission in the system. If it has been deleted, you may need to re-execute the rescission process if that is the intended action.
  Reprocess the Loan Contract: If the loan contract should remain active, ensure that all necessary steps are taken to reactivate it properly without any inconsistencies.
  Consult Documentation: Review the relevant SAP documentation or user manuals for the specific module you are working with (e.g., SAP Financial Services).
  System Configuration: Check the configuration settings in the SAP system to ensure that they align with your business processes regarding loan management and rescissions.
  User Training: Ensure that users involved in loan management are adequately trained on the processes to avoid accidental deletions or incorrect handling of rescissions.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan management and rescission processes (e.g., FVD1 for creating loan contracts, FVD2 for changing them).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that address known issues.
  Support: If the issue persists, consider reaching out to SAP support or your internal IT team for further assistance, especially if this error impacts business operations.
  
  By following these steps, you should be able to address the error message FVD_CANCRES023 effectively.