How To Fix FVD_REPAY003 - Payoff will be executed retroactively

FVD_REPAY003 - Overview

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 003

• Message text: Payoff will be executed retroactively

What causes this issue?

The payoff will be executed for a fixed condition period that has
already expired.

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_REPAY003 - Payoff will be executed retroactively ?

  The SAP error message FVD_REPAY003 indicates that a payoff will be executed retroactively. This typically occurs in the context of financial transactions, particularly in the area of loan management or financial services within SAP. The error suggests that there is an issue with the timing of the payoff transaction in relation to the accounting periods or the effective dates of the financial instruments involved.
  
  Cause:
  
  Retroactive Posting: The error usually arises when a transaction is being processed that affects a prior accounting period. This can happen if the payoff date is set to a date that has already been closed in the financial system.
  
  Configuration Issues: There may be configuration settings in the SAP system that do not allow retroactive postings for certain types of transactions.
  Data Entry Errors: Incorrect data entry, such as entering a payoff date that is earlier than the current date or the date of the last closed period, can