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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_REPAY113 - You cannot enter an IPD lock for product type &1 ?

  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 Type Configuration: Verify the configuration of the product type in question. Ensure that it is set up to allow IPD locks. This may involve checking the product type settings in the SAP Customizing Implementation Guide (IMG).
  Review Business Rules: Consult with your business process owner or financial team to understand if there are any specific business rules that prevent the use of IPD locks for the product type.
  Consult Documentation: Review SAP documentation or notes related to the specific product type and IPD locks. There may be specific guidelines or limitations documented by SAP.
  Contact SAP Support: If the issue persists and you cannot identify the cause, consider reaching out to SAP support for assistance. They may provide insights or patches if it is a known issue.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in troubleshooting, such as those related to product configuration or financial transaction management.
  SAP Notes: Search for SAP Notes related to the error message or the specific product type. SAP Notes often contain fixes or workarounds for known issues.
  User Forums: Engage with SAP user communities or forums where similar issues may have been discussed. Other users may have encountered the same error and can provide insights or solutions.
  
  By following these steps, you should be able to identify the cause of the error and implement a suitable solution.