How To Fix TPM_CAL003 - Neither LAC nor SAC is set up in amortization procedure &1

SAP Error Message - Details

• Message type: E = Error

• Message class: TPM_CAL - Treasury: Messages Development Class FTR_VAL_CALCULATOR

• Message number: 003

• Message text: Neither LAC nor SAC is set up in amortization procedure &1

Self-Explanatory Message

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• What is the cause and solution for SAP error message TPM_CAL003 - Neither LAC nor SAC is set up in amortization procedure &1 ?

  The SAP error message TPM_CAL003 indicates that neither the LAC (Loan Amortization Calculation) nor the SAC (Standard Amortization Calculation) is set up in the specified amortization procedure. This error typically occurs in the context of Treasury and Risk Management, particularly when dealing with financial instruments that require amortization calculations.
  Cause:
  The error arises when:
  
  The amortization procedure defined for a financial instrument does not have either the LAC or SAC configured.
  The system is trying to perform an amortization calculation but cannot find the necessary configuration to do so.
  
  Solution:
  To resolve this error, you need to ensure that either the LAC or SAC is properly set up in the amortization procedure. Here are the steps to do this:
  
  
  Access the Amortization Procedure Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the configuration for the amortization procedure. This is usually found under:
  SPRO -> Financial Supply Chain Management -> Treasury and Risk Management -> Transaction Manager -> Basic Settings -> Define Amortization Procedures
  
  
  
  
  Check the Amortization Procedure:
  
  Identify the amortization procedure that is causing the error (indicated by &1 in the error message).
  Open the configuration for that specific amortization procedure.
  
  
  
  Set Up LAC or SAC:
  
  Ensure that either the LAC or SAC is defined in the procedure.
  If neither is set up, you will need to create one:
  
  For LAC, define the parameters for loan amortization.
  For SAC, define the parameters for standard amortization.
  
  
  Make sure to save your changes.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the transaction that was causing the error to ensure that the issue is resolved.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for detailed information on configuring amortization procedures and the specific parameters for LAC and SAC.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  TPM1: For creating financial instruments.
  TPM2: For changing financial instruments.
  TPM3: For displaying financial instruments.
  
  
  Support: If the issue persists after configuration, consider reaching out to your SAP support team or consulting the SAP Community for further assistance.
  
  By following these steps, you should be able to resolve the TPM_CAL003 error and ensure that your amortization procedures are correctly configured.