How To Fix T0602 - Reference interest rate & not maintained

T0602 - Overview

• Message type: E = Error

• Message class: T0 - General Treasury

• Message number: 602

• Message text: Reference interest rate & not maintained

What causes this issue?

The selected reference interest rate is not maintained in the database.

System Response

The desired function is not executed for this reference interest rate.

How to fix this error?

You can maintain the reference interest rate data in Customizing.

Error message extract from SAP system. Copyright SAP SE.

T0602 - Details

• The SAP error message T0602, which states "Reference interest rate & not maintained," typically occurs in the context of financial transactions involving interest rates, such as loans, investments, or other financial instruments. This error indicates that the system is unable to find a reference interest rate that is required for processing a particular transaction.
  
  Cause:
  
  Missing Configuration: The reference interest rate has not been defined or maintained in the system.
  Incorrect Settings: The settings for the interest rate type or the relevant financial transaction may be incorrect or incomplete.
  Data Inconsistency: There may be inconsistencies in the data related to interest rates, such as missing entries in the relevant tables.
  
  
  Solution:
  To resolve the T0602 error, you can follow these steps:
  
  
  Maintain Reference Interest Rate:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining interest rates).
  Check if the required reference interest rate is defined. If not, create a new entry for the reference interest rate.
  Ensure