How To Fix FVD_LOCAC086 - Business partner with BP role &1 does not exist for loan

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 086

• Message text: Business partner with BP role &1 does not exist for loan

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_LOCAC086 - Business partner with BP role &1 does not exist for loan ?

  The SAP error message FVD_LOCAC086 indicates that a business partner (BP) with a specific role does not exist for a loan transaction. This error typically arises in the context of financial services, particularly when dealing with loans and business partner management in SAP.
  Cause:
  
  Missing Business Partner: The business partner (BP) that you are trying to use in the loan transaction has not been created in the system.
  Incorrect Role Assignment: The business partner exists, but it does not have the required role assigned to it for the loan transaction. Each business partner can have multiple roles (e.g., customer, vendor, etc.), and the specific role needed for loan processing may not be assigned.
  Data Inconsistency: There may be inconsistencies in the data, such as incorrect configuration or missing data in the business partner master record.
  Incorrect Loan Configuration: The loan configuration may not be set up correctly to recognize the business partner.
  
  Solution:
  
  Create the Business Partner: If the business partner does not exist, you need to create it in the system. This can be done using transaction code BP (Business Partner) in SAP.
  Assign the Required Role: If the business partner exists but lacks the necessary role, you need to assign the appropriate role for loan processing. This can also be done in the BP transaction by editing the business partner and adding the required role (e.g., "Borrower" or any other relevant role).
  Check Data Consistency: Ensure that all required fields and data for the business partner are filled out correctly. Validate the business partner's data against the requirements of the loan processing.
  Review Loan Configuration: Check the configuration settings related to loans in your SAP system to ensure that they are set up correctly to recognize the business partner roles.
  
  Related Information:
  
  Transaction Codes: 
  
  BP: To manage business partners.
  FBL1N: To view vendor line items (if applicable).
  FBL3N: To view G/L account line items (if applicable).
  
  
  Documentation: Refer to SAP Help documentation for Business Partner Management and Loan Management for detailed guidance on roles and configurations.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message or provide patches and updates.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial services and business partner management.