How To Fix FVD_PL009 - Type &1 does not support reference interest rates

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_PL - Messages related to enhanced policy management integration

• Message number: 009

• Message text: Type &1 does not support reference interest rates

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_PL009 - Type &1 does not support reference interest rates ?

  The SAP error message FVD_PL009, which states "Type &1 does not support reference interest rates," typically occurs in the context of financial transactions or settings related to interest rates in SAP's Financial Services (FS) module, particularly in the area of treasury and risk management.
  Cause:
  This error usually arises when:
  
  Incorrect Configuration: The financial instrument or product type you are trying to use does not support reference interest rates. This could be due to the configuration settings in the system.
  Missing Settings: The specific type of financial transaction or product has not been set up to handle reference interest rates in the system.
  Data Entry Issues: There may be an issue with the data being entered, such as using an incorrect product type that is not configured to support reference interest rates.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for the financial product types in your SAP system.
  Ensure that the product type you are using is configured to support reference interest rates. This may involve checking the settings in the Customizing (SPRO) transaction.
  
  
  
  Review Product Type:
  
  Verify that the product type (denoted by &1 in the error message) is indeed intended to support reference interest rates. If it is not, you may need to select a different product type that does.
  
  
  
  Consult Documentation:
  
  Review the SAP documentation or help files related to the specific financial product you are working with to understand its capabilities and limitations regarding interest rates.
  
  
  
  Data Validation:
  
  Ensure that all data entered in the transaction is correct and that you are not inadvertently using a product type that does not support the required features.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue through configuration or data validation, consider reaching out to SAP support for assistance. They may provide insights specific to your system configuration or version.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuring financial product types.
  Transaction Codes: Familiarize yourself with transaction codes related to treasury management, such as FTR_CREATE (Create Financial Transaction) or FTR_EDIT (Edit Financial Transaction), as these may be where the error is encountered.
  User Roles and Authorizations: Ensure that the user has the necessary roles and authorizations to perform the actions related to financial transactions and product types.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.