How To Fix T2006 - First interest adjustment date required for annual repetition

SAP Error Message - Details

• Message type: E = Error

• Message class: T2 - General Treasury

• Message number: 006

• Message text: First interest adjustment date required for annual repetition

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 T2006 - First interest adjustment date required for annual repetition ?

  The SAP error message T2006, "First interest adjustment date required for annual repetition," typically occurs in the context of financial transactions involving interest calculations, such as loans or investment products. This error indicates that the system requires a specific date to determine when the first interest adjustment should occur, particularly when the interest is set to be calculated on an annual basis.
  
  Cause:
  The error is usually caused by one of the following reasons:
  
  Missing First Interest Adjustment Date: The configuration for the financial product or transaction does not have a specified date for the first interest adjustment.
  Incorrect Configuration: The settings for the interest calculation may not be properly configured, leading to the system not being able to determine when the first adjustment should take place.
  Data Entry Issues: During the creation or modification of a financial transaction, the required fields may not have been filled out correctly.
  
  
  Solution:
  To resolve the T2006 error, you can