How To Fix JBD_MD005 - No reference interest rate found that matches the selection criteria

SAP Error Message - Details

• Message type: E = Error

• Message class: JBD_MD - Messages for Market Data API

• Message number: 005

• Message text: No reference interest rate found that matches the selection criteria

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message JBD_MD005 - No reference interest rate found that matches the selection criteria ?

  The SAP error message JBD_MD005, which states "No reference interest rate found that matches the selection criteria," typically occurs in the context of financial transactions involving interest rates, such as in the case of loans, investments, or other financial instruments that require reference interest rates for calculations.
  Cause:
  The error can be caused by several factors, including:
  
  Missing Configuration: The reference interest rate may not be defined in the system for the specified criteria (e.g., currency, validity period, or type of interest rate).
  Incorrect Selection Criteria: The selection criteria used in the transaction may not match any existing reference interest rates. This could be due to incorrect date ranges, currencies, or other parameters.
  Data Inconsistency: There may be inconsistencies in the data, such as missing entries in the interest rate tables or incorrect settings in the financial configuration.
  Inactive Interest Rates: The reference interest rate may exist but is not active for the specified period.
  
  Solution:
  To resolve the JBD_MD005 error, you can take the following steps:
  
  
  Check Configuration:
  
  Navigate to the relevant configuration settings in SAP (usually found in the Financial Services or Treasury modules).
  Ensure that the reference interest rates are defined for the required currencies and periods.
  
  
  
  Verify Selection Criteria:
  
  Review the selection criteria used in the transaction that triggered the error. Ensure that the criteria (such as date, currency, and type) are correct and match the available reference interest rates.
  
  
  
  Maintain Interest Rates:
  
  If the required reference interest rate is missing, you may need to create or update it in the system. This can typically be done through transaction codes like OB08 (for maintaining exchange rates) or specific transaction codes for interest rates.
  Ensure that the interest rates are active for the required periods.
  
  
  
  Check for Data Consistency:
  
  Run consistency checks or reports to identify any discrepancies in the interest rate data.
  Correct any inconsistencies found in the interest rate tables.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on maintaining reference interest rates in your version of SAP.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with SAP experts for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for managing interest rates, such as OB08, JBD1, or others specific to your SAP configuration.
  SAP Notes: Check for any SAP Notes related to JBD_MD005 for additional insights or patches that may address known issues.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, providing insights or solutions from other users' experiences.
  
  By following these steps, you should be able to identify and resolve the cause of the JBD_MD005 error in your SAP system.