How To Fix FVD_REPAY113 - You cannot enter an IPD lock for product type &1

FVD_REPAY113 - Overview

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 113

• Message text: You cannot enter an IPD lock for product type &1

What causes this issue?

There is no open item management for loans taken, loans with payment
request, or loans not managed on the basis of customer accounts.
Consequently the incoming payment distribution function is not released
and the incoming payment distribution lock cannot be used.

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_REPAY113 - Details

• The SAP error message FVD_REPAY113 indicates that you cannot enter an IPD (Interest Payment Date) lock for a specific product type. This error typically arises in the context of financial transactions or product management within the SAP system, particularly in modules related to treasury and risk management.
  
  Cause:
  The error is usually caused by one of the following reasons:
  
  Product Type Restrictions: The product type specified in the error message does not support IPD locks. Certain financial products may have specific configurations that do not allow for IPD locking.
  
  Configuration Issues: The system may not be configured correctly to handle IPD locks for the specified product type. This could be due to missing settings in the product configuration or in the related financial transaction settings.
  Business Rules: There may be business rules or policies in place that restrict the use of IPD locks for certain product types.
  
  
  Solution:
  To resolve the error, consider the following steps:
  
  Check Product