How To Fix FVD_REPAY060 - End of term deleted, even though new end of term was saved

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 060

• Message text: End of term deleted, even though new end of term was saved

What causes this issue?

The term end was set for the payoff. However, since the payoff was
activated, the term end has been deleted in the contract.

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_REPAY060 - End of term deleted, even though new end of term was saved ?

  The SAP error message FVD_REPAY060 typically indicates that there is an issue with the end-of-term processing in the Financial Services module, particularly in the context of loan or lease management. This error suggests that the system has detected that the end-of-term date has been deleted or is not properly set, even though a new end-of-term date was intended to be saved.
  Causes:
  
  Data Inconsistency: There may be inconsistencies in the data related to the contract or loan, such as missing or incorrect entries in the relevant tables.
  Configuration Issues: The configuration settings for the financial product may not be set up correctly, leading to issues when trying to save the end-of-term information.
  User Authorization: The user may not have the necessary permissions to make changes to the end-of-term settings.
  System Bugs: There could be a bug in the SAP system or a specific version that is causing this error to occur.
  Incomplete Processing: The end-of-term processing may not have been completed properly, leading to the deletion of the end-of-term date.
  
  Solutions:
  
  Check Data Consistency: Review the relevant contract or loan data to ensure that all necessary fields are filled out correctly. Look for any missing or incorrect entries.
  Review Configuration: Verify the configuration settings for the financial product in question. Ensure that all necessary parameters are set correctly.
  User Permissions: Check the user roles and permissions to ensure that the user has the necessary access rights to modify end-of-term settings.
  Reprocess End-of-Term: If the end-of-term processing was incomplete, try to reprocess it. This may involve going through the end-of-term steps again to ensure everything is saved correctly.
  Consult SAP Notes: Check the SAP Support Portal for any relevant SAP Notes or patches that address this specific error. There may be known issues and fixes available.
  Contact SAP Support: If the issue persists after trying the above solutions, consider reaching out to SAP Support for further assistance. They can provide more detailed troubleshooting based on your specific system configuration and version.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FVD1 (Create Contract), FVD2 (Change Contract), and FVD3 (Display Contract) to navigate through the contract management process.
  Documentation: Review the SAP documentation related to the Financial Services module, particularly focusing on end-of-term processing and contract management.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.