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

SAP Error Message - Details

• 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 settings in SAP (Transaction SPRO).
  Navigate to the relevant area for Financial Services (e.g., Loans, Leasing).
  Check if the product type in question is defined and has the necessary global control data set up.
  
  
  
  Define Global Control Data:
  
  If the product type is missing, you will need to create it.
  If it exists but lacks control data, you will need to define the necessary parameters (like interest rates, repayment terms, etc.) for that product type.
  
  
  
  Review Transport Requests:
  
  If the configuration was recently transported, ensure that all necessary objects were included in the transport request.
  Check if any dependencies or related configurations were missed during the transport.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help guides specific to your version of SAP for detailed steps on configuring product types and global control data.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for Customizing, FVD1 for creating financial products, or FVD2 for changing them.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes in the Customizing settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Financial Services.