How To Fix FVD_MODEL016 - Requested number of installments was adjusted

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_MODEL - Model Calculation for Consumer Loan

• Message number: 016

• Message text: Requested number of installments was adjusted

What causes this issue?

It was not possible to calculate an installment amount for the requested
number of installments. A minor adjustment was therefore made to the
requested number of installments.

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_MODEL016 - Requested number of installments was adjusted ?

  The SAP error message FVD_MODEL016 indicates that the requested number of installments for a financial transaction has been adjusted by the system. This typically occurs in the context of financial services, such as loan management or installment payments, where the system has certain rules or constraints that dictate how many installments can be created based on the parameters of the transaction.
  Cause:
  
  Configuration Settings: The system may have specific configuration settings that limit the number of installments based on the type of financial product, payment terms, or other criteria.
  Business Rules: There may be business rules in place that require the number of installments to be adjusted to comply with legal or financial regulations.
  Data Entry Errors: The user may have entered an invalid number of installments that exceeds the allowed limits set in the system.
  Payment Schedule Constraints: The payment schedule may not align with the requested number of installments due to factors like interest rates, payment frequency, or total amount.
  
  Solution:
  
  Review Configuration: Check the configuration settings in the SAP system related to the financial product or service you are working with. Ensure that the limits for the number of installments are set correctly.
  Adjust Request: If the system has adjusted the number of installments, review the adjusted value and determine if it meets your requirements. If not, you may need to modify your request accordingly.
  Consult Documentation: Refer to the SAP documentation or help files related to the specific module you are using (e.g., SAP Financial Services) to understand the rules governing installment payments.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with a functional expert who can provide insights based on your specific configuration and business processes.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to financial services and installment management.
  User Exits and BAdIs: Check if there are any user exits or Business Add-Ins (BAdIs) that might be influencing the installment calculation.
  Testing: Conduct tests with different scenarios to see how the system behaves with various input values for installments.
  Documentation: Keep documentation of any changes made to configurations or business rules for future reference and compliance.
  
  By understanding the cause of the error and following the suggested solutions, you should be able to address the issue effectively.