How To Fix /PM0/ABP_TM_MSG063 - Contract no longer subject to premiums from effective date &1

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABP_TM_MSG -

• Message number: 063

• Message text: Contract no longer subject to premiums from effective date &1

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABP_TM_MSG063 - Contract no longer subject to premiums from effective date &1 ?

  The SAP error message /PM0/ABP_TM_MSG063 Contract no longer subject to premiums from effective date &1 typically indicates that a specific contract is no longer eligible for premium calculations or adjustments as of the specified effective date. This can occur in various contexts, such as insurance contracts, service agreements, or financial products managed within SAP.
  Cause:
  
  Contract Expiration: The contract may have reached its expiration date, and as a result, it is no longer eligible for premiums.
  Contract Modification: Changes to the contract terms or conditions may have rendered it ineligible for premium calculations.
  Effective Date: The effective date specified in the error message may indicate a point in time when the contract was modified or terminated.
  Business Rules: There may be specific business rules or configurations in the system that dictate when a contract is subject to premiums.
  
  Solution:
  
  Review Contract Status: Check the status of the contract in the SAP system to confirm whether it is still active or has been modified/terminated.
  Check Effective Date: Verify the effective date mentioned in the error message. If the date is incorrect or needs to be adjusted, you may need to update the contract details.
  Contract Modifications: If the contract has been modified, ensure that the changes are correctly reflected in the system and that the contract is still eligible for premiums.
  Consult Business Rules: Review the business rules and configurations related to premium calculations to ensure compliance and correct setup.
  Contact Support: If the issue persists and you cannot determine the cause, consider reaching out to your SAP support team or consulting the SAP documentation for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to contract management and premium calculations (e.g., VA03 for viewing sales orders, PM01 for contract management).
  Documentation: Refer to SAP Help documentation or user manuals specific to your organization's implementation of SAP for detailed guidance on contract management and premium calculations.
  User Roles: Ensure that you have the appropriate permissions to view and modify contract details in the SAP system.
  
  By following these steps, you should be able to identify the cause of the error and take appropriate action to resolve it.