How To Fix FVD_LOCAC035 - Date (periodic charge) is not between term start date in term end date

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 035

• Message text: Date (periodic charge) is not between term start date in term end date

Self-Explanatory Message

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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_LOCAC035 - Date (periodic charge) is not between term start date in term end date ?

  The SAP error message FVD_LOCAC035 indicates that there is an issue with the date of a periodic charge in relation to the term start and end dates in a financial transaction or contract. This error typically arises in the context of financial services, particularly in the management of loans, leases, or other financial agreements where periodic charges (like interest or fees) are applied.
  Cause:
  The error occurs when the date specified for a periodic charge does not fall within the defined term start and end dates of the contract or agreement. This can happen due to several reasons:
  
  Incorrect Date Entry: The date for the periodic charge may have been entered incorrectly.
  Contract Termination: The contract may have been terminated or expired, and the periodic charge is being applied outside the valid term.
  Configuration Issues: There may be issues with the configuration of the financial product or contract in SAP.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies in the date fields.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  Check Dates: Verify the term start and end dates of the contract. Ensure that the date for the periodic charge falls within this range.
  Correct Date Entry: If the date for the periodic charge is incorrect, update it to a valid date that falls within the term.
  Review Contract Status: Ensure that the contract is active and has not been terminated or expired.
  Configuration Review: If the issue persists, review the configuration settings for the financial product in SAP to ensure they are set up correctly.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance related to the financial module you are using.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to contract management and periodic charges, such as FVD1 (Create Contract) or FVD2 (Change Contract).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that address known issues.
  User Roles: Ensure that you have the appropriate permissions to make changes to contracts and periodic charges in the system.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.