How To Fix T1190 - No. of days for fixing do not match reference interest rate (&)

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 190

• Message text: No. of days for fixing do not match reference interest rate (&)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message T1190 - No. of days for fixing do not match reference interest rate (&) ?

  The SAP error message T1190, which states "No. of days for fixing do not match reference interest rate (&)," typically occurs in the context of financial transactions involving interest rates, such as loans or financial instruments that are tied to reference interest rates.
  Cause:
  This error usually arises due to a mismatch between the number of days specified for fixing the interest rate and the expected number of days associated with the reference interest rate. This can happen for several reasons:
  
  Configuration Issues: The settings in the system for the reference interest rate may not align with the number of days specified in the transaction.
  Data Entry Errors: Incorrect data entry when setting up the interest rate or the transaction can lead to this mismatch.
  Changes in Interest Rate Settings: If the reference interest rate settings have been changed after the transaction was created, it may lead to inconsistencies.
  Calendar Issues: The calendar settings (business days, holidays) may not be correctly configured, affecting the calculation of the number of days.
  
  Solution:
  To resolve the T1190 error, you can take the following steps:
  
  
  Check Configuration:
  
  Verify the configuration settings for the reference interest rate in the SAP system. Ensure that the number of days for fixing is correctly set up according to the business requirements.
  
  
  
  Review Transaction Data:
  
  Go through the transaction data where the error occurred. Check the number of days specified for fixing the interest rate and ensure it matches the expected value for the reference interest rate.
  
  
  
  Adjust the Number of Days:
  
  If there is a discrepancy, adjust the number of days in the transaction to match the reference interest rate settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to interest rate configuration and fixing periods to ensure compliance with best practices.
  
  
  
  Test Changes:
  
  After making adjustments, test the transaction again to ensure that the error is resolved.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and transaction data, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Interest Rate Types: Familiarize yourself with the different types of interest rates and their fixing periods in your SAP system.
  Transaction Codes: Use relevant transaction codes (like OB08 for maintaining exchange rates or interest rates) to check and update configurations.
  Documentation: Refer to SAP Help Portal or community forums for specific guidance on handling interest rate-related errors.
  
  By following these steps, you should be able to identify and resolve the cause of the T1190 error in your SAP system.