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

TPM_CAL003 - Overview

• 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