Invalid reference date for CPE

What causes this issue?

An error occurred with the commodity pricing engine (CPE) during FA
procedure determination, formula assembly, formula evaluation, or
formula analysis.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Contact your system administrator.

Procedure for System Administrators

The error occurred with the following object:
Pricing Condition Type, Term Number: &V1&
Source Type: &V2&
Period Determination Rule: &V3&

Error message extract from SAP system. Copyright SAP SE.