How To Fix FVD_PPM002 - No payment plan exists for this loan and this insurance policy

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_PPM - CML: Management of Payment Plans for Other Components

• Message number: 002

• Message text: No payment plan exists for this loan and this insurance policy

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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Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_PPM002 - No payment plan exists for this loan and this insurance policy ?

  The SAP error message FVD_PPM002 indicates that there is no payment plan associated with a specific loan and insurance policy combination. This error typically arises in the context of financial transactions or loan management within the SAP system, particularly in modules related to financial services or banking.
  Cause:
  
  Missing Payment Plan: The most common cause is that a payment plan has not been created or linked to the loan and insurance policy in question.
  Incorrect Configuration: There may be configuration issues in the system that prevent the payment plan from being recognized.
  Data Entry Errors: Incorrect data entry when creating the loan or insurance policy could lead to the system not being able to find the associated payment plan.
  Inactive or Deleted Payment Plan: The payment plan might have been deleted or marked as inactive, making it unavailable for the loan and insurance policy.
  
  Solution:
  
  
  Create or Link Payment Plan:
  
  Check if a payment plan exists for the loan and insurance policy. If not, create a new payment plan and ensure it is properly linked to the loan and insurance policy.
  Navigate to the relevant transaction in SAP to create or modify the payment plan.
  
  
  
  Review Configuration:
  
  Ensure that the configuration settings for loan management and insurance policies are correctly set up in the system. This may involve checking the customizing settings in the SAP system.
  
  
  
  Verify Data Entry:
  
  Review the entries made for the loan and insurance policy to ensure that all required fields are filled out correctly and that the payment plan is referenced properly.
  
  
  
  Check Payment Plan Status:
  
  If a payment plan exists, verify its status to ensure it is active and not marked for deletion or inactive.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific steps on how to create or manage payment plans within your version of SAP.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan management and payment plans, such as FVD1 (Create Payment Plan) or FVD2 (Change Payment Plan).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Roles and Permissions: Ensure that the user attempting to create or modify the payment plan has the necessary permissions to perform these actions in the SAP system.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.