How To Fix J6079 - Maintain the calendar for the reference interest rate '&'

SAP Error Message - Details

• Message type: E = Error

• Message class: J6 - IS-B: Yield curves

• Message number: 079

• Message text: Maintain the calendar for the reference interest rate '&'

What causes this issue?

No calendar is assigned to the reference interest rate. Since the
interest calculation method actW/252 is being used for this interest
rate, you must specify a calendar.

System Response

Unable to save the reference interest rate.

How to fix this error?

Maintain the calendar or enter a different interest calculation method.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message J6079 - Maintain the calendar for the reference interest rate '&' ?

  The SAP error message J6079, which states "Maintain the calendar for the reference interest rate '&'", typically occurs in the context of financial transactions involving interest rates, such as loans or financial instruments. This error indicates that the system cannot find a defined calendar for the specified reference interest rate, which is necessary for calculating interest payments or accruals.
  Cause:
  
  Missing Calendar Definition: The reference interest rate you are trying to use does not have an associated calendar defined in the system.
  Incorrect Configuration: The configuration for the interest rate might be incomplete or incorrect, leading to the absence of a calendar.
  Reference Rate Not Set Up: The reference interest rate itself may not be properly set up in the system.
  
  Solution:
  To resolve this error, you need to maintain the calendar for the specified reference interest rate. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: SPRO -> Financial Accounting -> Financial Services -> Interest Rate Management -> Define Reference Interest Rates.
  
  
  
  Define the Calendar:
  
  Find the reference interest rate that is causing the error.
  Check if a calendar is assigned to this interest rate.
  If not, you will need to create a new calendar or assign an existing one.
  
  
  
  Create/Assign a Calendar:
  
  If you need to create a new calendar, go to the calendar maintenance section and define the necessary parameters (e.g., working days, holidays).
  Once the calendar is created, return to the reference interest rate configuration and assign the newly created calendar to the interest rate.
  
  
  
  Save Changes: After making the necessary changes, save your configuration.
  
  
  Test the Configuration: After saving, try to execute the transaction again to see if the error persists.
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for detailed steps on maintaining interest rates and calendars.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52 (for fiscal year variant) and OB29 (for defining interest calculation methods).
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error.
  
  By following these steps, you should be able to resolve the J6079 error and ensure that the reference interest rate is properly configured in your SAP system.