How To Fix T0602 - Reference interest rate & not maintained

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message T0602 - Reference interest rate & not maintained ?

  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 that the interest rate is valid for the relevant period and is correctly configured.
  
  
  
  Check Interest Rate Type:
  
  Verify that the interest rate type used in your transaction is correctly set up and corresponds to the reference interest rate you are trying to use.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the Financial Accounting (FI) or Treasury modules to ensure that all necessary parameters are correctly maintained.
  Ensure that the relevant financial instruments or transactions are set up to use the correct reference interest rates.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to interest rate maintenance and financial transactions for any additional guidance.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Interest Rates), OBA3 (Maintain Automatic Account Assignment), and others that may be relevant to your financial processes.
  SAP Notes: Check for any SAP Notes related to T0602 or interest rate maintenance that may provide additional insights or solutions.
  User Roles: Ensure that you have the necessary authorizations to maintain interest rates and perform configuration changes in the system.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the financial modules of SAP.