How To Fix FVD_CLI_CLOAN005 - Rate &1 is not valid

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_CLI_CLOAN - Credit Life Insurance for Consumer Loan

• Message number: 005

• Message text: Rate &1 is not valid

What causes this issue?

The specified credit life insurance rate is not valid for this period.

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?

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_CLI_CLOAN005 - Rate &1 is not valid ?

  The SAP error message FVD_CLI_CLOAN005 with the description "Rate &1 is not valid" typically occurs in the context of financial transactions, particularly when dealing with loans or financial instruments in the SAP system. This error indicates that the specified interest rate (denoted by &1) is not recognized or is invalid for the operation being performed.
  Causes:
  
  Incorrect Rate Entry: The rate entered may be incorrect, either due to a typo or because it does not exist in the system.
  Missing Rate Configuration: The interest rate may not be configured in the system for the specific loan type or financial product.
  Inactive Rate: The rate might be inactive or not valid for the date of the transaction.
  Rate Type Issues: The rate type associated with the transaction may not be set up correctly or may not match the expected type for the transaction.
  Date Validity: The rate may not be valid for the date range of the