How To Fix FVD_EXP_CP_MSG022 - Contract &1 not valid for product type or loan status contract

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_EXP_CP_MSG - CML: Pooling of Loans for Funding Management

• Message number: 022

• Message text: Contract &1 not valid for product type or loan status contract

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_EXP_CP_MSG022 - Contract &1 not valid for product type or loan status contract ?

  The SAP error message FVD_EXP_CP_MSG022 indicates that a specific contract (identified by &1) is not valid for the specified product type or loan status. This error typically arises in the context of financial services, particularly in contract management or loan processing within the SAP system.
  Causes:
  
  Invalid Contract Type: The contract may not be associated with the product type you are trying to use. Each product type in SAP has specific contract types that are valid for it.
  Loan Status Issues: The status of the loan (e.g., active, closed, in default) may not be compatible with the operations you are trying to perform.
  Configuration Issues: There may be configuration settings in the SAP system that restrict the use of certain contracts with specific product types or statuses.
  Data Entry Errors: There could be a mistake in the data entry, such as selecting the wrong contract or product type.
  
  Solutions:
  
  Verify Contract Validity: Check the contract details to ensure that it is valid for the product type you are working with. You can do this by reviewing the contract in the SAP system and confirming its attributes.
  Check Loan Status: Ensure that the loan status of the contract is appropriate for the action you are trying to perform. If the loan is closed or in a status that does not allow further processing, you may need to take corrective action.
  Review Configuration Settings: Consult with your SAP administrator or configuration team to review the settings related to product types and contract types. Ensure that the necessary configurations are in place to allow the contract to be used with the specified product type.
  Correct Data Entry: Double-check the data you have entered to ensure that you are selecting the correct contract and product type. If necessary, re-enter the information.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines related to the product type and contract management.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to contract management and loan processing, such as FVD1 (Create Contract) or FVD2 (Change Contract).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide insights into specific bugs or configuration recommendations.
  User Roles and Authorizations: Ensure that you have the necessary permissions to access and modify the contracts in question. Sometimes, authorization issues can lead to unexpected error messages.
  
  If the problem persists after following these steps, it may be beneficial to engage with your SAP support team or consult with an SAP expert for further assistance.