How To Fix FVD_REPAY017 - Due date is later than the 'effective from' date of the repayment change

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 017

• Message text: Due date is later than the 'effective from' date of the repayment change

What causes this issue?

The effective date of the repayment change (<ZK>Effective from</>)falls
before the due date for the payoff. This combination is not permitted.

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?

Adjust the payoff due date and/or the effective date for the repayment
change.

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_REPAY017 - Due date is later than the 'effective from' date of the repayment change ?

  The SAP error message FVD_REPAY017 indicates that there is a mismatch between the due date of a repayment and the 'effective from' date of the repayment change. This typically occurs in the context of financial transactions, particularly in loan management or repayment processing within the SAP system.
  Cause:
  The error arises when:
  
  The due date for a repayment is set to a date that is later than the 'effective from' date of the repayment change. 
  This can happen if the repayment schedule is being modified, and the new due date does not align with the effective date of the changes being made.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Dates: Review the due date of the repayment and the 'effective from' date of the repayment change. Ensure that the due date is not later than the 'effective from' date.
  
  
  Adjust Dates: If the due date is indeed later, you may need to:
  
  Change the due date to be on or before the 'effective from' date.
  Alternatively, adjust the 'effective from' date to be on or after the due date, if that aligns with your business requirements.
  
  
  
  Review Repayment Changes: Ensure that any changes to the repayment terms are correctly configured and that all relevant dates are consistent.
  
  
  Consult Documentation: If you are unsure about the correct dates or how to make the changes, refer to your organization's SAP documentation or consult with your SAP support team.
  
  
  Test Changes: After making the necessary adjustments, test the repayment process again to ensure that the error no longer occurs.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan management and repayment processing, such as FVD1 (Create Repayment Plan) or FVD2 (Change Repayment Plan).
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address known issues.
  User Roles: Ensure that you have the appropriate permissions to make changes to repayment plans and that you are following your organization's protocols for financial transactions.
  
  By following these steps, you should be able to resolve the FVD_REPAY017 error and proceed with the repayment processing in SAP.