How To Fix FVD_LOCAC700 - Net disbursement amount exceeds the limit for line of cerdit

FVD_LOCAC700 - Overview

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 700

• Message text: Net disbursement amount exceeds the limit for line of cerdit

What causes this issue?

The limit for the line of credit has
been exceeded as a result of the disbursement.

System Response

The system does not activate or post the disbursement but only saves it.

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?

If necessary, reduce the disbursement amount and activate or post the
disbursement again.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FVD_LOCAC700 - Details

• The SAP error message FVD_LOCAC700 indicates that the net disbursement amount for a line of credit exceeds the predefined limit. This error typically occurs in the context of financial transactions involving credit lines, where there are restrictions on the maximum amount that can be disbursed.
  
  Cause:
  
  Exceeding Credit Limit: The primary cause of this error is that the transaction amount exceeds the available limit set for the line of credit.
  
  Configuration Issues: There may be incorrect configurations in the credit management settings or the specific line of credit settings.
  Data Entry Errors: The amount entered in the transaction may have been incorrectly inputted, leading to an amount that exceeds the limit.
  Changes in Credit Policy: If there have been recent changes to the credit policy or limits, the existing transactions may no longer comply with the new rules.
  
  
  Solution:
  
  Review Credit Limit: Check the line of credit settings to confirm the maximum allowable disbursement amount. This can