How To Fix FVD_REPAY107 - No valid activity category exists for flow category "payoff"

FVD_REPAY107 - Overview

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 107

• Message text: No valid activity category exists for flow category "payoff"

What causes this issue?

The activity categories <ZK>0048</> (Payoff Debit) for loans given or
<ZK>0049</> ( Payoff Credit) for loans taken are mandatory for flow
types from the flow categories <ZK>SERP</> (Payoff) and <ZK>SERA</>
(Rolling Payoff).

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.

FVD_REPAY107 - Details

• The SAP error message FVD_REPAY107 indicates that there is no valid activity category assigned for the flow category "payoff" in the context of financial transactions, particularly in the area of loan management or financial services.
  
  Cause:
  This error typically arises due to one of the following reasons:
  
  
  Missing Configuration: The activity category for the flow category "payoff" has not been defined in the system. This can happen if the configuration settings for financial transactions are incomplete or not properly set up.
  
  
  Incorrect Assignment: The flow category "payoff" may not be correctly linked to an activity category in the system. This could be due to changes in configuration or incorrect data entry.
  
  
  Custom Development: If there are custom developments or enhancements in the system, they might not be aligned with the standard configurations, leading to this error.
  
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP for the relevant module