How To Fix FVD_COND_VERIFIER103 - Condition item requires specification of interest calculation frequency

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_COND_VERIFIER - Condition Verifier

• Message number: 103

• Message text: Condition item requires specification of interest calculation frequency

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_COND_VERIFIER103 - Condition item requires specification of interest calculation frequency ?

  The SAP error message FVD_COND_VERIFIER103 indicates that a condition item in a financial transaction requires the specification of an interest calculation frequency. This error typically arises in the context of financial services, particularly when dealing with loans, interest rates, or other financial conditions that involve interest calculations.
  Cause:
  The error occurs when:
  
  A condition item related to interest calculation is missing the required specification for the frequency of interest calculation (e.g., daily, monthly, quarterly).
  The configuration for the condition type does not include the necessary settings for interest calculation frequency.
  The relevant data in the transaction or master data is incomplete or incorrectly maintained.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Condition Records:
  
  Navigate to the condition records for the relevant condition type in the SAP system.
  Ensure that the interest calculation frequency is specified correctly.
  
  
  
  Maintain Interest Calculation Frequency:
  
  Go to the configuration settings for the condition type in the SAP system.
  Ensure that the interest calculation frequency is defined and linked to the condition type.
  
  
  
  Review Transaction Data:
  
  Check the transaction data where the error occurred. Ensure that all required fields, including the interest calculation frequency, are filled out correctly.
  
  
  
  Consult Documentation:
  
  Review the SAP documentation or help files related to the specific financial module you are working with (e.g., Loans, Treasury) to understand the requirements for interest calculation.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They may provide insights specific to your configuration or version of SAP.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like VK11 (Create Condition) or VK12 (Change Condition) to manage condition records.
  Configuration Path: The configuration for condition types can typically be found under the following path in the SAP IMG:
  
  Financial Services -> Loan Management -> Conditions -> Define Condition Types.
  
  
  Interest Calculation: Familiarize yourself with how interest calculation is set up in your specific SAP environment, as it can vary based on the implementation and business requirements.
  
  By following these steps, you should be able to identify and correct the issue causing the FVD_COND_VERIFIER103 error message.