How To Fix FVD_REPAY198 - Maximum net payoff amount has changed

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 198

• Message text: Maximum net payoff amount has changed

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

What causes this issue?

Changes have been made to the loan since the payoff was last processed
meaning that the maximum payoff amount on the due date has changed. The
payoff has not yet been activated.

System Response

How to fix this error?

You need to make the appropriate adjustments in the payoff, such as
reduce the net payoff amount.

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_REPAY198 - Maximum net payoff amount has changed ?

  The SAP error message FVD_REPAY198 with the description "Maximum net payoff amount has changed" typically occurs in the context of financial transactions, particularly in the area of loan management or repayment processing. This error indicates that the maximum net payoff amount for a loan or financial product has been altered, which can affect the repayment process.
  Cause:
  
  Change in Loan Terms: The maximum net payoff amount may have been updated due to changes in loan terms, interest rates, or other financial conditions.
  Data Entry Errors: Incorrect data entry during the loan setup or repayment process can lead to discrepancies in the expected payoff amount.
  System Configuration Changes: Changes in system settings or configurations related to loan management can also trigger this error.
  Currency Fluctuations: If the loan is in a foreign currency, fluctuations in exchange rates may affect the net payoff amount.
  
  Solution:
  
  Verify Loan Details: Check the loan details in the system to ensure that the terms and conditions are correctly set. Look for any recent changes that may have been made.
  Recalculate Payoff Amount: If the maximum net payoff amount has changed, recalculate the payoff amount based on the current loan terms and conditions.
  Check for Updates: Ensure that all relevant updates or patches have been applied to the SAP system, as these may address known issues related to loan management.
  Consult Documentation: Review SAP documentation or help resources for any specific guidelines related to the error message.
  Contact Support: If the issue persists, consider reaching out to SAP support or your internal IT team for further assistance. They may need to investigate the system logs or configurations to identify the root cause.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan management and repayment processing, such as FVD1 (Create Loan) or FVD2 (Change Loan).
  User Roles and Authorizations: Ensure that the user attempting the transaction has the necessary authorizations to make changes to loan details.
  Testing in Development Environment: If possible, replicate the issue in a development or test environment to better understand the cause without affecting production data.
  
  By following these steps, you should be able to address the FVD_REPAY198 error and proceed with the necessary financial transactions.