How To Fix FVD_CLI_CLOAN071 - Could not determine a rescission period for the rate

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 071

• Message text: Could not determine a rescission period for the rate

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_CLI_CLOAN071 - Could not determine a rescission period for the rate ?

  The SAP error message FVD_CLI_CLOAN071 indicates that the system could not determine a rescission period for the interest rate associated with a loan or financial transaction. This error typically arises in the context of financial services, particularly in loan management or treasury operations.
  Causes:
  
  Missing Configuration: The rescission period may not be properly configured in the system. This could be due to missing entries in the relevant customizing tables or settings.
  Invalid Rate Type: The interest rate type being used may not have a defined rescission period, or the rate type may not be valid for the transaction.
  Data Inconsistencies: There may be inconsistencies in the data related to the loan or financial product, such as missing or incorrect entries in the master data.
  Date Issues: The dates associated with the loan or transaction may not align with the defined periods for rescission, leading to the inability to determine the correct period.
  
  Solutions:
  
  Check Configuration: Review the configuration settings for the interest rate types and ensure that the rescission periods are defined correctly in the system. This can typically be done in the customizing settings (SPRO).
  Validate Rate Types: Ensure that the rate type being used in the transaction has a valid rescission period associated with it. You may need to consult the relevant documentation or configuration guides.
  Review Master Data: Check the master data for the loan or financial product to ensure that all necessary information is complete and accurate. Look for any missing entries that could affect the calculation.
  Examine Date Ranges: Verify that the dates associated with the transaction fall within the defined rescission periods. Adjust the dates if necessary to align with the configured periods.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the error message and related configuration settings.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for configuration, SE11 for data dictionary, or SE16 for table viewing to investigate the issue further.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Support: If the issue persists after checking the above areas, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary solutions to resolve it.