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

SAP Error Message - Details

• 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 this conflict.
  
  Solution:
  
  
  Review Loan Configuration: Check the loan contract settings in the SAP system. Ensure that if the loan is meant to have a fixed interest rate, no floor or cap should be defined.
  
  Navigate to the loan contract in the SAP system and verify the interest rate type.
  If the loan is indeed fixed, remove any floor or cap settings.
  
  
  
  Adjust Interest Rate Type: If the intention was to have a variable interest rate with a floor or cap, change the interest rate type of the loan to variable.
  
  This may involve reconfiguring the loan contract and ensuring that all related settings are consistent with a variable interest rate.
  
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on configuring loan contracts and interest rates. This can provide insights into best practices and common pitfalls.
  
  
  Testing: After making changes, test the loan contract to ensure that the error no longer appears and that the contract behaves as expected.
  
  
  Related Information:
  
  SAP Modules: This error is typically encountered in the SAP Financial Services (FS) module, particularly in the context of loan management.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FVD1 (Create Loan) or FVD2 (Change Loan) to navigate the loan management functionalities.
  Support: If the issue persists after making the necessary adjustments, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By addressing the configuration and ensuring consistency between the interest rate type and any defined floors or caps, you should be able to resolve the error message FVD_CONDAD002.