How To Fix FVD_REPAY101 - No global control data is defined for the product type in Customizing

FVD_REPAY101 - Overview

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 101

• Message text: No global control data is defined for the product type in Customizing

What causes this issue?

No global payoff control data has been defined for this loan product
type in Customizing.

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?

Inform your system administrator immediately.

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_REPAY101 - No global control data is defined for the product type in Customizing ?

  The SAP error message FVD_REPAY101 indicates that there is no global control data defined for the specified product type in the Customizing settings. This error typically occurs in the context of financial services, particularly when dealing with loan products or financial transactions that require specific configurations.
  
  Cause:
  The error arises when the system attempts to process a transaction related to a financial product (like a loan or a lease) but cannot find the necessary global control data for that product type. This can happen due to:
  
  Missing Configuration: The product type has not been properly configured in the system.
  Incorrect Product Type: The product type being used in the transaction does not exist or is not correctly defined in the system.
  Transport Issues: If the configuration was recently transported from another system, it may not have been fully or correctly transported.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Product Type Configuration:
  
  Go to the Customizing