How To Fix FVD_FLP006 - Set the Forward Loan Purchase indicator for contract &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_FLP - CML: FLP related messages

• Message number: 006

• Message text: Set the Forward Loan Purchase indicator for contract &1

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

What causes this issue?

You did not set the <ZK>Forward Loan Purchase</> indicator during
creation of the contract.

System Response

How to fix this error?

On the <ZK>Contract Creation </>screen (transaction FNV1) or on the
<ZK>Contract Change </>screen (transaction FNVM), set the <ZK>Forward
Loan Purchase </>indicator.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_FLP006 - Set the Forward Loan Purchase indicator for contract &1 ?

  The SAP error message FVD_FLP006 indicates that the Forward Loan Purchase indicator has not been set for a specific contract. This error typically arises in the context of financial transactions involving forward loan purchases in SAP's Financial Services module.
  Cause:
  The error occurs when a user attempts to execute a transaction or process related to a forward loan purchase, but the system detects that the relevant contract does not have the Forward Loan Purchase indicator activated. This indicator is essential for the system to recognize that the contract is intended for forward loan purchase processing.
  Solution:
  To resolve this error, you need to set the Forward Loan Purchase indicator for the specified contract. Here are the steps to do this:
  
  
  Access the Contract:
  
  Navigate to the contract management area in SAP where the contract is maintained. This could be through transaction codes like FVD_CONTRACT or similar, depending on your SAP version and configuration.
  
  
  
  Edit the Contract:
  
  Open the contract that is causing the error (indicated by the contract number &1 in the error message).
  
  
  
  Set the Indicator:
  
  Look for the section or tab related to loan purchase or financial indicators.
  Find the option for the Forward Loan Purchase indicator and set it to "Yes" or check the box.
  
  
  
  Save Changes:
  
  After making the necessary changes, save the contract.
  
  
  
  Re-attempt the Transaction:
  
  Go back to the transaction that triggered the error and try to execute it again.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for contract management and loan processing in SAP.
  User Authorizations: Ensure that you have the necessary permissions to edit contracts and set indicators.
  Documentation: Refer to SAP documentation or your organization's internal guidelines for managing financial contracts and indicators.
  Consult with SAP Support: If the issue persists or if you are unsure about making changes, consider reaching out to your SAP support team or consulting with an SAP expert.
  
  By following these steps, you should be able to resolve the FVD_FLP006 error and proceed with your financial transactions in SAP.