How To Fix FVD_LOCAC037 - Interest due date and term start date should be identical

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 037

• Message text: Interest due date and term start date should be identical

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_LOCAC037 - Interest due date and term start date should be identical ?

  The SAP error message FVD_LOCAC037 indicates that there is a mismatch between the interest due date and the term start date in a financial transaction, typically related to loans or financial instruments. This error often arises in the context of the SAP Financial Services module, particularly in loan management or asset management scenarios.
  Cause:
  The error occurs when:
  
  The interest due date does not match the term start date of the financial product or loan. 
  This can happen if the configuration settings for the loan or financial product are incorrect, or if the data entered during the transaction is inconsistent.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Dates:
  
  Verify the interest due date and the term start date in the transaction or loan agreement. Ensure that they are set to the same date.
  
  
  
  Review Configuration:
  
  If you have access to the configuration settings, check the settings for the financial product or loan type. Ensure that the interest calculation settings are correctly configured.
  
  
  
  Adjust Transaction Data:
  
  If the error is due to incorrect data entry, correct the dates in the transaction. This may involve editing the loan or financial product details.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidelines on how to handle interest due dates and term start dates for your particular version of SAP.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional context.
  Transaction Codes: Familiarize yourself with transaction codes related to loan management (e.g., FVD1, FVD2) to navigate and troubleshoot effectively.
  User Roles: Ensure that you have the appropriate permissions to make changes to financial transactions or configurations in SAP.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.