How To Fix FVD_DEFCAP060 - Loan &1 has the status &2, and not contract status

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_DEFCAP - Deferral/Capitalization

• Message number: 060

• Message text: Loan &1 has the status &2, and not contract status

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_DEFCAP060 - Loan &1 has the status &2, and not contract status ?

  The SAP error message FVD_DEFCAP060 typically indicates that there is an issue with the status of a loan contract in the SAP system. This error occurs when the loan contract you are trying to process does not have the expected status for the operation you are attempting to perform. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Incorrect Contract Status: The loan contract may be in a status that does not allow for the operation you are trying to perform (e.g., it may be in a "closed," "canceled," or "pending" status).
  Data Integrity Issues: There may be inconsistencies in the data related to the loan contract, such as missing or incorrect information.
  Business Process Compliance: The operation you are trying to perform may not comply with the business rules defined in the system for that particular loan status.
  
  Solution:
  
  Check Contract Status: Review the status of the loan contract in the SAP system. You can do this by navigating to the relevant transaction code (e.g., FVD1, FVD2) and checking the status of the loan.
  Update Contract Status: If the contract is in an incorrect status, you may need to update it to a valid status that allows the operation you are trying to perform. This may involve changing the status manually or processing any pending actions that would change the status.
  Consult Documentation: Refer to the SAP documentation or your organization's business process documentation to understand the valid statuses for loan contracts and the operations allowed for each status.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with a functional consultant who specializes in the Financial Services module.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for managing loan contracts, such as FVD1 (Create Loan), FVD2 (Change Loan), and FVD3 (Display Loan).
  SAP Notes: Check for any SAP Notes related to this error message that may provide additional insights or patches.
  User Authorization: Ensure that you have the necessary authorizations to perform the operation on the loan contract.
  Business Rules: Understand the business rules and workflows that govern loan processing in your organization, as these may affect the status and operations allowed on loan contracts.
  
  By following these steps, you should be able to identify the cause of the error and take appropriate action to resolve it.