How To Fix FVD_LOCAC058 - Periodic charge must be between &1% and &2%

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 058

• Message text: Periodic charge must be between &1% and &2%

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_LOCAC058 - Periodic charge must be between &1% and &2% ?

  The SAP error message FVD_LOCAC058 indicates that there is an issue with the periodic charge percentage specified in a financial transaction or configuration. This error typically arises in the context of financial services, particularly in the area of loan management or leasing, where periodic charges (like interest rates or fees) are defined.
  Cause:
  The error message states that the periodic charge must be between two specified percentage values (&1% and &2%). This means that the value you have entered for the periodic charge is outside the acceptable range defined in the system. The specific causes can include:
  
  Incorrect Data Entry: The user may have entered a percentage that is either too low or too high.
  Configuration Issues: The acceptable range for periodic charges may not be correctly configured in the system.
  Business Rules: There may be business rules or policies that dictate the acceptable range for periodic charges, and the entered value does not comply with these rules.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check the Input Value: Review the value you have entered for the periodic charge and ensure it falls within the specified range (&1% to &2%). Adjust the value accordingly.
  
  
  Review Configuration Settings: If you have access to the configuration settings, check the parameters that define the acceptable range for periodic charges. This can usually be found in the customizing settings for financial services or loan management.
  
  
  Consult Documentation: Refer to the relevant SAP documentation or user manuals that pertain to the financial module you are working with. This may provide insights into the acceptable ranges and how they are determined.
  
  
  Contact Support: If you are unable to resolve the issue through the above steps, consider reaching out to your SAP support team or consulting with an SAP expert who can provide guidance based on your specific configuration and business requirements.
  
  
  Related Information:
  
  Transaction Codes: Depending on your role and access, you may need to use specific transaction codes to view or modify the configuration settings related to periodic charges.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional context or solutions.
  User Roles: Ensure that you have the necessary permissions to make changes to the financial settings in SAP, as some configurations may be restricted to certain user roles.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.