How To Fix T1247 - Inconsistent default settings of reference interest data for &1 and &2

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 247

• Message text: Inconsistent default settings of reference interest data for &1 and &2

What causes this issue?

The settings for the reference interest rate used do not match each
other.

System Response

This can result in unexpected dates for the interest rate fixing and/or
the interest rate adjustment.

How to fix this error?

Check the presettings for the reference interest rate in Customizing.
For a negative number of days for the fixing period, you have to enter
the shift rule 'Previous working day' or 'Previous working day
modified', and for a positive number of days, enter the shift rule
'Following working day' or 'Following working day modified'. For 0 days
for the fixing period, you have to set the 'No shift' rule.
If a positive or negative number of days is set for the fixing period
you have to maintain a calendar.
You can, however, also maintain the settings later in the interest rate
adjustment detail screen.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.