How To Fix T1037 - Only enter either fixed or ref. int. rate and either markup or markdown

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 037

• Message text: Only enter either fixed or ref. int. rate and either markup or markdown

What causes this issue?

You have tried to enter a reference interest rate and a fixed interest
rate at the same time.

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 T1037 - Only enter either fixed or ref. int. rate and either markup or markdown ?

  The SAP error message T1037 indicates that there is a conflict in the input data related to pricing conditions in the system. Specifically, it suggests that you are trying to enter both a fixed interest rate and a reference interest rate, or both a markup and a markdown, which is not allowed. This error typically occurs in the context of pricing conditions in sales and distribution (SD) or financial transactions.
  Cause:
  
  Conflicting Inputs: The user has entered both a fixed interest rate and a reference interest rate in the same transaction, or both a markup and a markdown.
  Configuration Issues: The system configuration may not allow for both types of rates or markups/markdowns to be used simultaneously.
  Data Entry Error: The user may have mistakenly filled in both fields when only one is required.
  
  Solution:
  
  
  Review Input Fields: Check the fields where you have entered the fixed interest rate, reference interest rate, markup, and markdown. Ensure that you only fill in one of each pair:
  
  If you enter a fixed interest rate, do not enter a reference interest rate.
  If you enter a markup, do not enter a markdown.
  
  
  
  Clear Conflicting Entries: Remove the conflicting entry. For example, if you have both a fixed interest rate and a reference interest rate, decide which one you want to keep and delete the other.
  
  
  Consult Documentation: Refer to the SAP documentation or help files related to pricing conditions to understand the specific requirements for your transaction.
  
  
  Check Configuration: If you believe the configuration should allow both types of rates or markups/markdowns, consult with your SAP administrator or technical team to review the configuration settings.
  
  
  Testing: After making the necessary adjustments, try to save or process the transaction again to see if the error persists.
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with pricing conditions, such as VK11 (Create Condition), VK12 (Change Condition), and VK13 (Display Condition).
  User Training: Ensure that users are trained on the correct procedures for entering pricing conditions to minimize the occurrence of this error.
  
  By following these steps, you should be able to resolve the T1037 error and proceed with your transaction in SAP.