How To Fix T2002 - No first interest adj.date and no frequency required if relative selected

SAP Error Message - Details

• Message type: E = Error

• Message class: T2 - General Treasury

• Message number: 002

• Message text: No first interest adj.date and no frequency required if relative selected

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message T2002 - No first interest adj.date and no frequency required if relative selected ?

  The SAP error message T2002, which states "No first interest adj.date and no frequency required if relative selected," typically occurs in the context of financial transactions, particularly when dealing with interest calculations in loans or financial instruments. This error indicates that there is a configuration or data entry issue related to the interest calculation settings.
  Cause:
  
  
  Missing First Interest Adjustment Date: The system expects a first interest adjustment date to be specified when the interest calculation is set to be relative. If this date is not provided, the system cannot proceed with the calculation.
  
  
  Frequency Settings: If the frequency for interest calculation is not set correctly or is missing, it can lead to this error. The system requires a defined frequency to calculate interest correctly.
  
  
  Configuration Issues: There may be issues in the configuration of the financial product or loan settings in the SAP system, particularly in the area of interest calculation.
  
  
  Solution:
  
  
  Check First Interest Adjustment Date: Ensure that the first interest adjustment date is specified in the relevant transaction or configuration settings. This date is crucial for the system to calculate interest correctly.
  
  
  Define Frequency: Make sure that the frequency for interest calculation is defined and correctly set up in the system. This could involve checking the configuration settings for the financial product or loan.
  
  
  Review Configuration: Go through the configuration settings related to interest calculation in the SAP system. This may involve checking the settings in the Financial Services (FS) module or the specific module you are working with.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on setting up interest calculations and resolving related errors.
  
  
  Testing: After making the necessary adjustments, test the transaction again to ensure that the error is resolved.
  
  
  Related Information:
  
  
  Transaction Codes: Depending on your SAP version, you may need to use specific transaction codes to access the configuration settings related to interest calculations (e.g., customizing transactions).
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration settings.
  
  
  User Roles and Permissions: Ensure that you have the necessary permissions to make changes to the configuration settings in the SAP system.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP financial modules for further assistance.