How To Fix FVD_MODEL028 - Error occurred when determining the effective interest rate

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_MODEL - Model Calculation for Consumer Loan

• Message number: 028

• Message text: Error occurred when determining the effective interest rate

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.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_MODEL028 - Error occurred when determining the effective interest rate ?

  The SAP error message FVD_MODEL028 indicates that there was an issue when the system attempted to determine the effective interest rate for a financial transaction or model. This error typically arises in the context of financial services, particularly in modules related to loans, mortgages, or other financial instruments where interest calculations are critical.
  Causes of FVD_MODEL028
  
  
  Missing Data: The effective interest rate calculation may require certain data that is missing or incomplete. This could include parameters like the loan amount, interest rate, payment frequency, or term.
  
  
  Incorrect Configuration: The configuration settings for the financial product or model may not be set up correctly. This could involve settings in the financial services module or specific product settings.
  
  
  Data Inconsistencies: There may be inconsistencies in the data entered into the system, such as mismatched dates, incorrect currency settings, or invalid entries.
  
  
  System Bugs: Occasionally, this error can be caused by bugs or issues within the SAP system