How To Fix FVD_CONDAD002 - Floor or cap for entered for interest rate but loan has fixed interest

FVD_CONDAD002 - Overview

• Message type: E = Error

• Message class: FVD_CONDAD - Conditions Adapter

• Message number: 002

• Message text: Floor or cap for entered for interest rate but loan has fixed interest

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_CONDAD002 - Floor or cap for entered for interest rate but loan has fixed interest ?

  The SAP error message FVD_CONDAD002 indicates that there is a conflict in the configuration of a loan contract in the SAP system. Specifically, the error arises when a floor or cap is defined for the interest rate of a loan that has a fixed interest rate. Here’s a breakdown of the cause, potential solutions, and related information:
  
  Cause:
  
  Interest Rate Type Mismatch: The loan is configured with a fixed interest rate, which means that the interest rate does not change over the life of the loan. However, a floor (minimum interest rate) or cap (maximum interest rate) has been defined, which is typically applicable to variable interest rates.
  Configuration Error: There may be an error in the loan contract configuration where the system expects a variable interest rate but has been set to fixed.
  Data Entry Error: During the creation or modification of the loan contract, incorrect data may have been entered, leading to