Message type: E = Error
Message class: /MVA/AMP_PM_MSG -
Message number: 710
Message text: Single premium only allowed in connection with short-term contracts.
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/MVA/AMP_PM_MSG710
- Single premium only allowed in connection with short-term contracts. ?The SAP error message /MVA/AMP_PM_MSG710 indicates that a single premium is only allowed for short-term contracts. This error typically arises in the context of insurance or financial services modules within SAP, particularly when dealing with contract management and premium calculations.
Cause: The error occurs when a user attempts to process a single premium payment for a contract that is not classified as a short-term contract. In SAP, short-term contracts are defined based on specific criteria, such as the duration of the contract or the type of product being offered. If the contract does not meet these criteria, the system will prevent the processing of a single premium.
Solution: To resolve this error, you can take the following steps: Check Contract Type: Verify the type of contract you are working with. Ensure that it is indeed a short-term contract as per the definitions set in your SAP system. Modify Contract Details: If the contract is not a
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