How To Fix 64441 - Specify type of corporate action

SAP Error Message - Details

• Message type: E = Error

• Message class: 64 - Treasury Management: Securities

• Message number: 441

• Message text: Specify type of corporate action

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 64441 - Specify type of corporate action ?

  The SAP error message 64441, "Specify type of corporate action," typically occurs in the context of financial transactions, particularly when dealing with corporate actions such as stock splits, dividends, mergers, or other events that affect the ownership or value of securities.
  Cause:
  This error usually arises when a user attempts to process a corporate action without specifying the required type of corporate action. The system needs this information to determine how to handle the transaction correctly. The absence of this specification can lead to confusion in processing and reporting.
  Solution:
  To resolve this error, follow these steps:
  
  
  Identify the Transaction: Determine which corporate action you are trying to process. This could be a dividend payment, stock split, rights issue, etc.
  
  
  Specify the Corporate Action Type:
  
  Navigate to the relevant transaction screen where the corporate action is being processed.
  Look for a field or dropdown menu that allows you to specify the type of corporate action.
  Select the appropriate type from the list provided.
  
  
  
  Check Configuration: If you are unsure about the types of corporate actions available or if the list seems incomplete, you may need to check the configuration settings in the SAP system. This may require access to the customizing settings (transaction code SPRO) where corporate actions are defined.
  
  
  Consult Documentation: If you are still facing issues, refer to the SAP documentation or help files related to corporate actions. This can provide additional context and guidance on how to properly specify the type of corporate action.
  
  
  User Authorization: Ensure that you have the necessary permissions to process corporate actions. Sometimes, restrictions in user roles can lead to incomplete transaction processing.
  
  
  Contact Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes related to corporate actions, such as:
  
  FTR_CREATE: For creating financial transactions.
  FTR_EDIT: For editing existing transactions.
  
  
  
  SAP Notes: Check for any SAP Notes related to error 64441, as there may be specific patches or updates that address known issues.
  
  
  Training and Documentation: Ensure that users involved in processing corporate actions are adequately trained and have access to the necessary documentation to avoid similar errors in the future.
  
  
  By following these steps, you should be able to resolve the error and successfully process the corporate action in SAP.