How To Fix FVD_IOA075 - Key date has been shifted to the last day of the month

FVD_IOA075 - Overview

• Message type: E = Error

• Message class: FVD_IOA - (New) Interest on Arrears Calculation for Loans

• Message number: 075

• Message text: Key date has been shifted to the last day of the month

What causes this issue?

The system has shifted the key date to the last day in the month because
the interest calculation method 360E or 360 has been defined for the
interest on arrears calculation in this loan.
You entered the 30th as the key date. However, this is not the last day
in the month. This would have caused problems in the next calculation
after the current calculation. The subsequent calculation starts on the
day after the current calculation, in other words on the 31st. However,
according to the interest calculation method defined, the 31st is not an
interest day. The system always calculates on the 30th. In this case the
30th would be calculated twice.
Example:
The first interest on arrears calculation on 05/30. 9.80 USD of which
0.15 USD is for 05/30.
The next interest on arrears calculation from 05/31 to 06/15. Since
the 05/31 is not an interest day, the system calculates from 05/30. In
this case the 0.15 USD is debited again.

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

If the payment date and due date are also on the key date, these dates
are also shifted.

System Response

How to fix this error?

If you do not want to calculate up to the 31st enter a different key
date.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FVD_IOA075 - Details

• The SAP error message FVD_IOA075 indicates that the key date for a financial transaction or operation has been automatically adjusted to the last day of the month. This typically occurs in the context of financial transactions, such as interest calculations, payment processing, or other date-sensitive operations.
  
  Cause:
  The error is usually caused by one of the following reasons:
  
  Date Configuration: The system is configured to adjust key dates to the end of the month for certain operations. This can be due to business rules or settings in the financial module.
  Transaction Type: The specific transaction type you are trying to process may have rules that dictate that the key date must be the last day of the month.
  Data Entry Error: The key date entered may not be valid or may not align with the expected date formats or ranges, prompting the system to adjust it.
  
  
  Solution:
  To resolve the error, consider the following steps:
  
  Check Configuration: Review