How To Fix FVD_LOCAC083 - Balloon payment can only be changed for balloon products

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 083

• Message text: Balloon payment can only be changed for balloon products

What causes this issue?

You have tried to change the balloon payment for a loan. This is not
possible, however, since the product on which the loan is based does not
include a balloon payment.

System Response

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

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_LOCAC083 - Balloon payment can only be changed for balloon products ?

  The SAP error message FVD_LOCAC083 indicates that a balloon payment can only be modified for financial products that are specifically designed to accommodate balloon payments. This error typically arises in the context of loan or lease management within the SAP system, particularly when dealing with financial products that have specific payment structures.
  Cause:
  
  Product Type Restriction: The financial product you are trying to modify does not support balloon payments. Balloon payments are typically associated with certain types of loans or leases, and if the product is not configured to allow for such payments, you will encounter this error.
  Incorrect Configuration: The product type may not be set up correctly in the system to handle balloon payments, or the payment schedule may not align with the requirements for a balloon payment.
  Data Entry Error: There may be an error in the data entry process where a balloon payment is being attempted on a product that does not have this feature.
  
  Solution:
  
  Verify Product Type: Check the product type you are working with to ensure it is designed to handle balloon payments. You can do this by reviewing the product configuration in the SAP system.
  Adjust Payment Terms: If the product is not a balloon product, you may need to adjust the payment terms or select a different product that supports balloon payments.
  Consult Configuration Settings: If you believe the product should support balloon payments, consult with your SAP configuration team to ensure that the product settings are correctly configured to allow for balloon payments.
  Review Documentation: Refer to the SAP documentation or user manuals related to financial products and balloon payments for additional guidance on how to properly configure and manage these types of payments.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Forums: Engage with SAP user forums or communities where similar issues may have been discussed, and solutions shared.
  Training and Support: If you are frequently encountering this error, consider additional training on SAP financial products or reaching out to SAP support for assistance.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.