How To Fix T0353 - An int.rate adjustment date is required for 'single dates' update rule

T0353 - Overview

• Message type: E = Error

• Message class: T0 - General Treasury

• Message number: 353

• Message text: An int.rate adjustment date is required for 'single dates' update rule

What causes this issue?

You have selected the 'single dates' update rule. You need an interest
rate adjustment date for this rule.

How to fix this error?

Correct your entry.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T0353 - An int.rate adjustment date is required for 'single dates' update rule ?

  The SAP error message T0353, which states "An int.rate adjustment date is required for 'single dates' update rule," typically occurs in the context of financial transactions, particularly when dealing with interest rate adjustments in the SAP system. This error indicates that the system requires a specific interest rate adjustment date for a transaction that is set to use a single date update rule.
  
  Cause:
  The error is usually caused by one of the following reasons:
  
  Missing Interest Rate Adjustment Date: The transaction or configuration does not have a specified interest rate adjustment date, which is necessary for the calculation of interest.
  Incorrect Update Rule Configuration: The update rule may be incorrectly configured to use a single date, but the necessary parameters (like the adjustment date) are not provided.
  Data Entry Error: There may be a mistake in the data entry where the interest rate adjustment date was not filled in or was incorrectly formatted.
  
  
  Solution:
  To resolve