How To Fix T1107 - Choose contract condition type for outgoing interest

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 107

• Message text: Choose contract condition type for outgoing interest

What causes this issue?

Several contract condition types for outgoing interest have been
allocated to this transaction type. Choose one of them.

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message T1107 - Choose contract condition type for outgoing interest ?

  The SAP error message T1107, "Choose contract condition type for outgoing interest," typically occurs in the context of contract management or pricing procedures within SAP. This error indicates that the system requires a specific condition type for outgoing interest to be defined or selected, but it has not been set up correctly.
  Cause:
  
  Missing Condition Type: The condition type for outgoing interest has not been defined in the pricing procedure.
  Incorrect Configuration: The pricing procedure may not be correctly configured to include the necessary condition types for outgoing interest.
  Contract Type Issues: The contract type being used may not be associated with the correct condition types for outgoing interest.
  Master Data Issues: The master data for the contract or the relevant pricing conditions may be incomplete or incorrect.
  
  Solution:
  
  
  Define Condition Type:
  
  Go to the SAP transaction code V/06 (Maintain Condition Types).
  Check if the condition type for outgoing interest is defined. If not, create a new condition type or modify an existing one to include outgoing interest.
  
  
  
  Check Pricing Procedure:
  
  Use transaction code V/08 (Maintain Pricing Procedures) to review the pricing procedure assigned to the contract.
  Ensure that the outgoing interest condition type is included in the pricing procedure.
  
  
  
  Assign Condition Type to Contract Type:
  
  Ensure that the contract type you are using is correctly configured to include the outgoing interest condition type.
  You can check this in the configuration settings for the contract type.
  
  
  
  Review Master Data:
  
  Check the master data for the contract to ensure that all necessary fields and conditions are filled out correctly.
  Ensure that the relevant condition records are maintained for the outgoing interest.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to pricing procedures and condition types for more detailed guidance.
  
  
  
  Testing:
  
  After making the necessary changes, test the contract creation or processing again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as V/06 (Maintain Condition Types), V/08 (Maintain Pricing Procedures), and others related to contract management.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Roles: Ensure that you have the necessary authorizations to make changes to condition types and pricing procedures.
  
  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 SAP SD (Sales and Distribution) or contract management.