How To Fix TM108 - Use the "act" days method for average compound interest calculation

TM108 - Overview

• 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

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 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