How To Fix FVD_REPAY038 - In the repayment change, specify the pmnt instalment or the repmnt rate

FVD_REPAY038 - Overview

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 038

• Message text: In the repayment change, specify the pmnt instalment or the repmnt rate

What causes this issue?

You have entered a manual repayment change without entering an amount
or a percentage rate.

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?

Enter an amount or a percentage rate, or exit the manual repayment
change function.

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_REPAY038 - In the repayment change, specify the pmnt instalment or the repmnt rate ?

  The SAP error message FVD_REPAY038 typically occurs in the context of financial transactions, particularly when dealing with repayment plans or installment payments in the SAP system. This error indicates that during a repayment change, the system requires you to specify either the payment installment or the repayment rate, but this information has not been provided.
  
  Cause:
  The error is triggered when:
  
  You attempt to change a repayment plan without specifying the necessary details (either the payment installment amount or the repayment rate).
  The required fields in the repayment change transaction are left blank or incorrectly filled.
  
  
  Solution:
  To resolve the error FVD_REPAY038, follow these steps:
  
  
  Check the Transaction: Go back to the transaction where you encountered the error. Ensure that you are in the correct screen for making repayment changes.
  
  
  Specify Required Fields:
  
  Payment Installment: Enter the specific amount for the payment installment if you are changing the installment amount.
  Repayment Rate: Alternatively, if you are changing the repayment rate,