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

FVD_LOCAC058 - Overview

• 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.

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

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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