How To Fix T1128 - No calendar entered for reference interest rate

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 128

• Message text: No calendar entered for reference interest rate

What causes this issue?

When the reference interest rates were maintained, a calendar for
determining working days was not allocated.

How to fix this error?

Contact your customizing administrator.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T1128 - No calendar entered for reference interest rate ?

  The SAP error message T1128, "No calendar entered for reference interest rate," typically occurs in the context of financial transactions involving interest rates, such as in the configuration of loans, deposits, or other financial instruments that require interest calculations.
  Cause:
  The error indicates that the system is unable to find a calendar associated with the reference interest rate being used in the transaction. This can happen for several reasons:
  
  Missing Configuration: The reference interest rate may not have an associated calendar defined in the system.
  Incorrect Settings: The settings for the interest rate or the financial product may be incomplete or incorrectly configured.
  Data Entry Issues: There may be a data entry error where the reference interest rate is not correctly specified in the transaction.
  
  Solution:
  To resolve the T1128 error, you can follow these steps:
  
  
  Check Interest Rate Configuration:
  
  Go to the configuration settings for interest rates in SAP (Transaction code: SPRO).
  Navigate to the relevant section for defining interest rates and ensure that the reference interest rate in question has a calendar assigned to it.
  
  
  
  Assign a Calendar:
  
  If the reference interest rate does not have a calendar assigned, you will need to create or assign a calendar. This can typically be done in the same configuration area where the interest rates are defined.
  
  
  
  Review Financial Product Settings:
  
  Check the settings for the financial product or transaction that is generating the error. Ensure that all required fields, including the reference interest rate, are correctly filled out.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the configuration by attempting to execute the transaction again to see if the error persists.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to SAP documentation or help resources specific to your version of SAP.
  
  
  
  Seek Help from SAP Support:
  
  If the issue remains unresolved, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (Customizing), OBA3 (Define Interest Calculation), and others that may be related to financial configuration.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify and resolve the cause of the T1128 error in your SAP system.