How To Fix FVD_DISB120 - Disbursement payment date is before start of loan fixed interest period

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_DISB - Messages for Disbursement

• Message number: 120

• Message text: Disbursement payment date is before start of loan fixed interest period

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_DISB120 - Disbursement payment date is before start of loan fixed interest period ?

  The SAP error message FVD_DISB120 indicates that there is an issue with the disbursement payment date in relation to the fixed interest period of a loan. Specifically, this error occurs when the disbursement payment date is set before the start date of the loan's fixed interest period. 
  Cause:
  
  Incorrect Payment Date: The disbursement payment date entered is earlier than the start date of the loan's fixed interest period.
  Configuration Issues: There may be configuration settings in the loan management module that define the fixed interest period incorrectly.
  Data Entry Errors: Manual entry errors when inputting the disbursement details can lead to this issue.
  
  Solution:
  
  Check Payment Date: Verify the disbursement payment date you are trying to enter. Ensure that it is on or after the start date of the loan's fixed interest period.
  Review Loan Details: Check the loan contract details to confirm the start date of the fixed interest period. This can usually be found in the loan management module.
  Adjust Dates: If the payment date is indeed incorrect, adjust it to a valid date that falls within the allowed range.
  Configuration Review: If the issue persists, review the configuration settings for the loan management module to ensure that the fixed interest period is set up correctly.
  Consult Documentation: Refer to SAP documentation or help resources for further guidance on loan management and disbursement processes.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for loan management, such as FVD1 (Create Loan) or FVD2 (Change Loan), to navigate and verify loan details.
  User Roles: Ensure that you have the appropriate permissions to make changes to loan disbursement details.
  
  If the problem continues after following these steps, it may be beneficial to consult with your SAP support team or a technical consultant who specializes in SAP Financial Services.