How To Fix FVD_DEBTTR094 - Active insurance or additional coll. exists for the old main borrower

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_DEBTTR - Borrower Change Without Capital Transfer

• Message number: 094

• Message text: Active insurance or additional coll. exists for the old main borrower

What causes this issue?

The borrower change does not exchange the main borrower in any active
insurance policies (CLI) or additional collaterals at present.

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?

Changes required must be made manually before the borrower change is
executed.

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_DEBTTR094 - Active insurance or additional coll. exists for the old main borrower ?

  The SAP error message FVD_DEBTTR094 indicates that there is an issue related to the existence of active insurance or additional collateral for the old main borrower in a financial transaction. This typically occurs in the context of managing loans, credit, or financial agreements within the SAP system, particularly in modules related to financial services or banking.
  Cause:
  
  Active Insurance: The system has detected that there is an active insurance policy associated with the old main borrower. This could be a life insurance policy or any other type of insurance that is linked to the loan or financial product.
  Additional Collateral: There may be additional collateral that is still active and associated with the old main borrower. This could include assets or guarantees that were provided as security for the loan.
  Data Inconsistency: There might be inconsistencies in the data where the system is unable to process a transaction because it still recognizes the old main borrower as having active obligations or protections.
  
  Solution:
  
  
  Review Active Insurance and Collateral:
  
  Check the insurance policies and collateral records associated with the old main borrower. Ensure that they are correctly recorded in the system.
  If the insurance or collateral is no longer needed, consider terminating or updating these records in the system.
  
  
  
  Update Borrower Information:
  
  If the borrower has changed (e.g., due to a transfer of loan or change in borrower status), ensure that the new borrower information is correctly entered and that any old associations are cleared.
  
  
  
  Consult Documentation:
  
  Refer to the SAP documentation or user manuals related to the specific module you are working with (e.g., SAP Financial Services) for detailed steps on how to manage insurance and collateral records.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide guidance based on your specific configuration and setup.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that may help you navigate to the insurance and collateral management sections.
  User Roles and Permissions: Ensure that you have the necessary permissions to view and modify insurance and collateral records.
  System Configuration: Check if there are any specific configurations in your SAP system that might affect how insurance and collateral are managed.
  
  By addressing the active insurance or collateral associated with the old main borrower, you should be able to resolve the error and proceed with your financial transactions in SAP.