How To Fix FVD_FACILITIES162 - Term end should not be less than earliest start date of drawdowns

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_FACILITIES - Message class for facilities

• Message number: 162

• Message text: Term end should not be less than earliest start date of drawdowns

What causes this issue?

Term end of the facility should be greater than the earliest start date
of the drawdowns under the facility.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_FACILITIES162 - Term end should not be less than earliest start date of drawdowns ?

  The SAP error message FVD_FACILITIES162 indicates that there is a conflict between the term end date of a facility and the earliest start date of the associated drawdowns. This typically occurs in the context of financial transactions involving loans or credit facilities where the terms of the facility must align with the drawdown dates.
  Cause:
  The error arises when:
  
  The term end date of the facility is set to a date that is earlier than the earliest start date of any drawdowns associated with that facility.
  This can happen due to incorrect data entry, changes in the facility terms, or misalignment of dates during the setup of the facility or drawdowns.
  
  Solution:
  To resolve this error, you should:
  
  
  Check the Facility Configuration:
  
  Navigate to the facility in question and review the term end date.
  Ensure that the term end date is set to a date that is equal to or later than the earliest start date of the drawdowns.
  
  
  
  Review Drawdown Dates:
  
  Check the drawdown records associated with the facility.
  Identify the earliest start date of the drawdowns and ensure that the facility's term end date accommodates this date.
  
  
  
  Adjust Dates:
  
  If necessary, adjust the term end date of the facility to be later than or equal to the earliest drawdown start date.
  Alternatively, if the drawdown dates are incorrect, you may need to adjust them accordingly.
  
  
  
  Validation:
  
  After making the necessary adjustments, validate the changes to ensure that the error no longer appears.
  Test the transaction again to confirm that it processes without errors.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FVD1 (Create Facility) or FVD2 (Change Facility) to access and modify the facility details.
  Documentation: Refer to SAP documentation or user manuals for specific guidelines on managing facilities and drawdowns.
  Consultation: If you are unsure about making changes, consult with your SAP administrator or a financial expert within your organization to ensure compliance with financial policies.
  
  By following these steps, you should be able to resolve the error and ensure that your facility and drawdown dates are correctly aligned.