How To Fix FVD_REPAY002 - Template &1 in company code &2 for product type &3 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 002

• Message text: Template &1 in company code &2 for product type &3 does not exist

What causes this issue?

You have called up the function for creating a payoff using a template
that has not been defined in Customizing.

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?

Inform your system administrator.

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_REPAY002 - Template &1 in company code &2 for product type &3 does not exist ?

  The SAP error message FVD_REPAY002 indicates that a specific template for a repayment process does not exist for the specified company code and product type. This error typically arises in the context of financial transactions, particularly in the area of loan management or financial services.
  Cause:
  
  Missing Template: The primary cause of this error is that the repayment template specified in the transaction does not exist in the system for the given company code and product type.
  Incorrect Configuration: The template may not have been configured correctly or may not have been created at all.
  Data Entry Error: There may be a mistake in the data entry, such as an incorrect company code, product type, or template name.
  
  Solution:
  
  
  Check Template Configuration:
  
  Navigate to the relevant configuration settings in SAP (usually in the Financial Services or Loan Management module).
  Verify if the repayment template exists for the specified company code and product type.
  If it does not exist, you will need to create it.
  
  
  
  Create a New Template:
  
  If the template is missing, you can create a new repayment template by following these steps:
  
  Go to the transaction code for template management (e.g., FVD1 for creating a template).
  Enter the necessary details, including the company code and product type.
  Save the new template.
  
  
  
  
  
  Verify Data Entry:
  
  Double-check the data you entered in the transaction that triggered the error.
  Ensure that the company code, product type, and template name are correct.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for guidance on creating and managing repayment templates.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FVD1 (Create Template), FVD2 (Change Template), and FVD3 (Display Template).
  Authorization: Ensure that you have the necessary authorizations to create or modify templates in the system.
  Testing: After creating or modifying a template, perform a test transaction to ensure that the error does not reoccur.
  
  By following these steps, you should be able to resolve the FVD_REPAY002 error and ensure that the necessary repayment templates are in place for your financial transactions.