Message type: E = Error
Message class: RY - Messages for RM Basis
Message number: 414
Message text: Reference interest rate &1 not maintained for the date &2
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RY414
- Reference interest rate &1 not maintained for the date &2 ?The SAP error message RY414 indicates that a reference interest rate has not been maintained for a specific date. This error typically occurs in the context of financial transactions, particularly when dealing with interest calculations, loans, or other financial instruments that rely on reference interest rates.
Cause: The error is caused by the absence of a defined reference interest rate for the specified date in the system. This can happen for several reasons: The reference interest rate has not been set up in the system. The interest rate data may not have been updated for the specific date in question. There may be a configuration issue in the interest rate settings.
Solution: To resolve the RY414 error, you can take the following steps: Check Interest Rate Maintenance: Go to the transaction code for maintaining interest rates (usually OB08 for maintaining exchange rates or TCURR for currency rates). Verify if the reference interest rate is maintained for the required date. If
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