How To Fix FVD_LOCAC703 - Disbursement quota of line of credit exceeds 100 Percent

FVD_LOCAC703 - Overview

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 703

• Message text: Disbursement quota of line of credit exceeds 100 Percent

What causes this issue?

The <LS>disbursement quota</> has been exceeded meaning that the
<DS:DE.TB_COMP_TOTAL_CREDIT_LINE> credit limit</> agreed in
the contract for this line of credit has also been exceeded.

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

System Response

The system cannot post the disbursement.
It has saved the disbursement with status <LS>Entered</>.

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_LOCAC703 - Details

• The SAP error message FVD_LOCAC703 indicates that the disbursement quota for a line of credit has exceeded 100 percent. This typically occurs in the context of financial transactions involving credit lines, where the system is designed to enforce limits on how much can be disbursed based on predefined quotas.
  
  Cause:
  
  Quota Exceeded: The primary cause of this error is that the total disbursement amount requested has surpassed the allowed quota for the line of credit.
  
  Configuration Issues: There may be issues with how the disbursement quotas are configured in the system, leading to incorrect calculations.
  Data Entry Errors: Incorrect data entry during the transaction process can lead to exceeding the quota.
  Multiple Transactions: If multiple transactions are processed simultaneously or in quick succession, the cumulative disbursement may exceed the quota.
  
  
  Solution:
  
  Review Quota Settings: Check the configuration of the disbursement quotas for the line of credit in the SAP system. Ensure that the quotas are set correctly