How To Fix FVD_DEFCAP034 - First due date for open installment plan comes before full disbursement

FVD_DEFCAP034 - Overview

• Message type: E = Error

• Message class: FVD_DEFCAP - Deferral/Capitalization

• Message number: 034

• Message text: First due date for open installment plan comes before full disbursement

Self-Explanatory Message

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FVD_DEFCAP034 - Details

• The SAP error message FVD_DEFCAP034 indicates that there is an issue with the scheduling of payments in an installment plan. Specifically, it means that the first due date for an open installment plan is set before the full disbursement of the loan or credit has occurred. This situation is not permissible because payments cannot be scheduled before the loan amount is fully disbursed.
  
  Cause:
  
  Incorrect Configuration: The payment schedule may have been incorrectly configured, leading to a mismatch between the disbursement date and the first payment due date.
  Data Entry Error: There may have been an error during data entry, where the first due date was set incorrectly.
  System Settings: The system settings or parameters for installment plans may not be aligned with the business rules or requirements.
  
  
  Solution:
  
  Review Payment Schedule: Check the payment schedule for the installment plan. Ensure that the first due date is set to a date that is on or after