How To Fix FVD_REPAY053 - 'Eff. from' date for repayment change is later than end of fixed period

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 053

• Message text: 'Eff. from' date for repayment change is later than end of fixed period

What causes this issue?

You have entered a manual repayment change with an <ZK>Effective from
</> date that falls after the end of the fixed condition period that is
relevant for the payoff. In this case, the repayment change has no
effect.

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_REPAY053 - 'Eff. from' date for repayment change is later than end of fixed period ?

  The SAP error message FVD_REPAY053 indicates that there is an issue with the effective date for a repayment change in a financial transaction, specifically that the "Effective from" date is later than the end of the fixed period. This typically occurs in the context of loan or lease agreements managed within the SAP system.
  Cause:
  
  Date Configuration: The effective date for the repayment change is set to a date that falls after the end of the fixed period of the financial agreement. This means that the system does not allow changes to be made beyond the defined period of the contract.
  Contractual Limitations: The terms of the financial agreement may specify that no changes can be made after a certain date, which is usually the end of the fixed period.
  Data Entry Error: There may have been a mistake in entering the dates, leading to the effective date being incorrectly set.
  
  Solution:
  
  Check Dates: Review the effective date you are trying to set for the repayment change. Ensure that it is within the valid range of the contract, specifically before or on the end date of the fixed period.
  Adjust Effective Date: If the effective date is indeed set incorrectly, modify it to a date that is valid and within the fixed period.
  Review Contract Terms: If you need to make changes after the end of the fixed period, you may need to review the terms of the contract. In some cases, it may be necessary to extend the contract or create a new agreement.
  Consult Documentation: Refer to the SAP documentation or user manuals for specific guidelines on handling repayment changes and effective dates.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or a consultant who specializes in SAP financial modules for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan management or financial agreements, such as FVD1 (Create Loan), FVD2 (Change Loan), etc.
  Configuration Settings: Check the configuration settings in the SAP system related to financial agreements to ensure they align with your business processes.
  User Roles and Permissions: Ensure that you have the necessary permissions to make changes to financial agreements in the SAP system.
  
  By following these steps, you should be able to address the FVD_REPAY053 error and successfully process the repayment change.