How To Fix FVD_REPAY220 - Within rescission period, check that no rescission exists

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 220

• Message text: Within rescission period, check that no rescission exists

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_REPAY220 - Within rescission period, check that no rescission exists ?

  The SAP error message FVD_REPAY220 typically occurs in the context of financial transactions, particularly when dealing with loan repayments or similar financial instruments. This error indicates that there is an issue related to a rescission (cancellation) period, suggesting that a rescission exists that prevents the transaction from being processed.
  Cause:
  The error message "Within rescission period, check that no rescission exists" generally arises due to the following reasons:
  
  
  Active Rescission: There is an active rescission for the financial transaction you are trying to process. This means that the transaction is still within a period where it can be canceled or reversed.
  
  
  Incorrect Dates: The dates associated with the transaction may fall within the rescission period, which is typically defined by business rules or regulations.
  
  
  Configuration Issues: There may be configuration settings in the SAP system that define the rescission period incorrectly or do not align with the business processes.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Rescission Status: Verify if there is an active rescission for the transaction in question. You can do this by checking the relevant transaction records in the SAP system.
  
  
  Review Transaction Dates: Ensure that the transaction dates do not fall within the rescission period. If they do, you may need to wait until the rescission period has expired or take appropriate action based on your business rules.
  
  
  Consult Documentation: Review the documentation or guidelines related to rescission periods in your organization to understand the rules that apply.
  
  
  Configuration Review: If you suspect that the issue is due to configuration, consult with your SAP administrator or technical team to review the settings related to rescission periods.
  
  
  Contact Support: If the issue persists and you cannot identify the cause, consider reaching out to SAP support or your internal IT support team for further assistance.
  
  
  Related Information:
  
  
  Rescission Period: This is a defined timeframe during which a transaction can be canceled or reversed. The specifics of this period can vary based on organizational policies or regulatory requirements.
  
  
  Transaction Types: Understanding the type of financial transaction you are dealing with (e.g., loans, repayments, etc.) can help in diagnosing the issue more effectively.
  
  
  SAP Modules: This error may be related to specific SAP modules such as Financial Services (FS), Treasury Management, or others that deal with financial transactions.
  
  
  By following these steps and understanding the context of the error, you should be able to resolve the issue effectively.