How To Fix TE605 - Interest or redemption payment for calculation category & not identified

TE605 - Overview

• Message type: E = Error

• Message class: TE - Market Risk Management

• Message number: 605

• Message text: Interest or redemption payment for calculation category & not identified

What causes this issue?

A bank product was analyzed according to GAP. It was not possible to
identify the interest and principle payments in its flows. The
calculation type of the product is &V1&.
A customizing or control data setting has not bee properly maintained.

System Response

The cash flow for this bank product won't be correctly analyzed.
The analysis therefore possibly contains erroneous data!

How to fix this error?

Check the customizing settings as well as the entries in the control
tables for calculation types.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message TE605 - Interest or redemption payment for calculation category & not identified ?

  The SAP error message TE605, which states "Interest or redemption payment for calculation category & not identified," typically occurs in the context of financial transactions, particularly in the area of treasury and risk management or financial accounting. This error indicates that the system is unable to identify the interest or redemption payment for a specific calculation category, which can lead to issues in processing financial transactions.
  Causes:
  
  
  Missing Configuration: The calculation category may not be properly configured in the system. This could include missing entries in the relevant tables or settings that define how interest and redemption payments should be processed.
  
  
  Incorrect Master Data: The master data for the financial instruments or contracts may be incomplete or incorrect, leading to the inability to identify the payment type.
  
  
  Transaction Type Issues: The transaction type being used may not be linked to the appropriate calculation category, causing the system to fail in identifying the payment.
  
  
  Custom Code