How To Fix TM016 - Reference interest rate & is not permitted

SAP Error Message - Details

• Message type: E = Error

• Message class: TM - Messages for FIMA

• Message number: 016

• Message text: Reference interest rate & is not permitted

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message TM016 - Reference interest rate & is not permitted ?

  The SAP error message TM016 ("Reference interest rate & is not permitted") typically occurs in the context of Treasury and Risk Management (TRM) when dealing with interest rate instruments. This error indicates that the reference interest rate you are trying to use is not allowed or recognized in the current configuration.
  Causes:
  
  Invalid Reference Rate: The reference interest rate you are trying to use may not be defined in the system or may have been deactivated.
  Configuration Issues: The configuration settings for interest rates in the Treasury module may not be set up correctly.
  Authorization Issues: The user may not have the necessary permissions to access or use the specified reference interest rate.
  Data Entry Errors: There may be a typographical error in the reference interest rate code being used.
  
  Solutions:
  
  
  Check Reference Rate Configuration:
  
  Go to the configuration settings in SAP for Treasury and Risk Management.
  Verify that the reference interest rate you are trying to use is defined and active.
  If it is not defined, you may need to create it or activate it.
  
  
  
  Review User Authorizations:
  
  Ensure that the user has the necessary authorizations to access and use the reference interest rate.
  Check the roles and permissions assigned to the user in the SAP system.
  
  
  
  Correct Data Entry:
  
  Double-check the reference interest rate code for any typographical errors.
  Ensure that the correct format is being used.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details on how to configure and manage reference interest rates in your version of SAP.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 (for maintaining exchange rates) or TPM1 (for managing treasury products) to access relevant settings.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  Training and Documentation: Ensure that users are trained on the proper use of reference interest rates and the implications of their configuration in the system.
  
  By following these steps, you should be able to identify the cause of the TM016 error and implement a solution to resolve it.