How To Fix FVD_CAPTR299 - Target loan &1 does not have the target status 'contract'

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_CAPTR - Messages for the Capital Transfer

• Message number: 299

• Message text: Target loan &1 does not have the target status 'contract'

What causes this issue?

According to the Customizing settings for the capital transfer, target
loan &V1& from product type &V2& in company code &V4& is not assigned
the internal status <LS>Contract</> when activated.

System Response

The capital transfer can only be activated when the target loan has the
target status <LS>Contract</>.

How to fix this error?

Select another suitable loan or change the target status for product
type &V2& in company code &V3& in the IMG activity
<DS:SIMG.KT_STEUERDATEN>Define General Control Data</>.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_CAPTR299 - Target loan &1 does not have the target status 'contract' ?

  The SAP error message FVD_CAPTR299 indicates that the target loan specified in the transaction does not have the required status of 'contract'. This typically occurs in the context of financial transactions involving loans or credit agreements in the SAP system, particularly in the Financial Services sector.
  Cause:
  
  Incorrect Loan Status: The target loan may not be in the correct status. For example, it might be in a status such as 'draft', 'pending', or 'canceled' instead of 'contract'.
  Data Entry Error: There may have been a mistake in entering the loan number or details, leading to referencing a loan that is not active or valid.
  System Configuration: The system may not be configured correctly to recognize the loan status transitions, or there may be issues with the underlying data integrity.
  Business Process Compliance: The business process may require that certain conditions be met before a loan can be considered a 'contract'.
  
  Solution:
  
  Check Loan Status: Verify the status of the target loan in the system. Ensure that it is indeed in the 'contract' status. You can do this by navigating to the loan management module and checking the loan details.
  Correct Loan Reference: If the loan number or details were entered incorrectly, correct them and try the transaction again.
  Update Loan Status: If the loan is not in the correct status, you may need to update it. This could involve completing any necessary steps to finalize the loan agreement or correcting any issues that are preventing it from being activated.
  Consult Documentation: Review the relevant SAP documentation or configuration settings to ensure that the loan status transitions are set up correctly.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with a functional expert who specializes in the Financial Services module.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan management, such as those for creating, changing, or displaying loan contracts.
  User Roles and Authorizations: Ensure that you have the necessary permissions to view and modify loan statuses.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  Training and Documentation: Review any training materials or user guides related to loan management in your organization to ensure compliance with business processes.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.