How To Fix FVD_REPAY119 - Payoff currency &1 has to be identical to the contract currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 119

• Message text: Payoff currency &1 has to be identical to the contract currency &2

What causes this issue?

The payoff function only supports payoffs with a payment currency that
matches the contract currency.

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_REPAY119 - Payoff currency &1 has to be identical to the contract currency &2 ?

  The SAP error message FVD_REPAY119 indicates that there is a mismatch between the payoff currency and the contract currency in a financial transaction. Specifically, the error states that the payoff currency (denoted as &1) must be identical to the contract currency (denoted as &2). This typically occurs in the context of loan repayments, financial contracts, or similar transactions where currency consistency is required.
  Cause:
  
  Currency Mismatch: The most common cause of this error is that the currency specified for the payoff does not match the currency of the contract. For example, if the contract is in USD, but the payoff is being attempted in EUR, this error will occur.
  Configuration Issues: There may be configuration settings in the SAP system that enforce currency consistency, and these settings may not be aligned with the transaction being processed.
  Data Entry Errors: Manual entry errors during the transaction process can lead to incorrect currency selection.
  
  Solution:
  
  Check Currency Settings: Verify the currency settings in the contract and ensure that the payoff currency matches the contract currency. This can usually be done in the contract details or transaction screen.
  Adjust Payoff Currency: If the payoff currency is incorrect, change it to match the contract currency. This may involve selecting the correct currency from a dropdown or inputting it manually.
  Review Configuration: If the issue persists, review the configuration settings in the SAP system related to currency handling for financial transactions. Ensure that the settings are correctly defined to allow for the intended currency usage.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling currency-related errors in your version of SAP.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may be involved in managing contracts and repayments, such as FBL1N (Vendor Line Item Display) or FBL3N (G/L Account Line Item Display).
  Currency Configuration: Understand how currencies are configured in your SAP system, including exchange rates and currency types.
  User Roles and Permissions: Ensure that you have the necessary permissions to make changes to contracts and transactions, as restrictions may prevent you from correcting the currency mismatch.
  
  By following these steps, you should be able to resolve the FVD_REPAY119 error and ensure that your financial transactions are processed correctly.