Message type: E = Error
Message class: TM - Messages for FIMA
Message number: 108
Message text: Use the "act" days method for average compound interest calculation
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TM108
- Use the "act" days method for average compound interest calculation ?The SAP error message TM108, which states "Use the 'act' days method for average compound interest calculation," typically occurs in the context of Treasury Management (TM) or Financial Supply Chain Management (FSCM) when dealing with interest calculations. This error indicates that the system expects the use of the "actual days" method for calculating average compound interest, but a different method may have been specified or is being used.
Cause: Incorrect Interest Calculation Method: The error is triggered when the system is configured to use a different interest calculation method (e.g., "30/360" or "actual/360") instead of the "actual/actual" method, which is required for average compound interest calculations. Configuration Settings: The settings in the interest calculation configuration may not align with the requirements for the transaction being processed. Transaction Data: The specific transaction or financial instrument may have been set up incorrectly, leading to the mismatch in expected calculation methods.
Solution: Check Configuration: Navigate to the configuration settings for
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