How To Fix FVD_MODEL003 - Formula-based calculation is not possible

FVD_MODEL003 - Overview

• Message type: E = Error

• Message class: FVD_MODEL - Model Calculation for Consumer Loan

• Message number: 003

• Message text: Formula-based calculation is not possible

What causes this issue?

You should calculate the installment or the term using a mathematical
formula, in order to obtain a start value that is as accurate as
possible for the FIMA calculation.
Formula-based calculations are currently only supported for selected
standard procedures.

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.

FVD_MODEL003 - Details

• The SAP error message FVD_MODEL003: Formula-based calculation is not possible typically occurs in the context of SAP Financial Services, particularly when dealing with financial calculations or models that utilize formula-based logic. This error indicates that the system is unable to perform a calculation based on the formula defined in the model.
  Causes:
  
  Invalid Formula: The formula defined in the model may contain syntax errors or references to non-existent fields or variables.
  Missing Data: Required data inputs for the formula may be missing or not properly configured.
  Incompatible Data Types: The data types of the inputs used in the formula may not be compatible with the expected types.
  Model 
  Configuration Issues: The model itself may not be configured correctly, leading to issues in executing the formula.
  Versioning Issues: If there are multiple versions of the model, the version being used may not support the formula or may have been deprecated.
  
  Solutions:
  
  Check the Formula: Review the formula for any