How To Fix 6E021 - Loan product type is set to borrowing business

SAP Error Message - Details

• Message type: E = Error

• Message class: 6E - Messages for EMU currency conversion in Treasury

• Message number: 021

• Message text: Loan product type is set to borrowing business

What causes this issue?

INCLUDE TRLO_EMU_LOAN_KEY OBJECT DOKU ID TX
The product type &v3& has been set up for borrowing transactions in
Customizing.
At present, the contract currency changeover to euro is not supported
for loans taken.

System Response

Processing is terminated.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 6E021 - Loan product type is set to borrowing business ?

  The SAP error message 6E021 indicates that there is an issue related to the loan product type being set to "borrowing business." This error typically arises in the context of financial transactions or loan processing within the SAP system, particularly in modules related to financial services or banking.
  Cause:
  The error message 6E021 usually occurs due to one of the following reasons:
  
  
  Incorrect Configuration: The loan product type may not be correctly configured in the system. This could be due to missing or incorrect settings in the product master data.
  
  
  Incompatible Settings: The settings for the loan product type may not be compatible with the transaction being processed. For example, certain parameters or conditions may not align with the requirements for a borrowing business.
  
  
  Missing Authorizations: The user may not have the necessary authorizations to process transactions related to the borrowing business loan product type.
  
  
  Data Inconsistencies: There may be inconsistencies in the data entered for the loan product, such as incorrect account assignments or missing mandatory fields.
  
  
  Solution:
  To resolve the error message 6E021, you can take the following steps:
  
  
  Check Configuration:
  
  Review the configuration settings for the loan product type in the SAP system. Ensure that all necessary parameters are correctly set up.
  Verify that the loan product type is correctly defined in the product master data.
  
  
  
  Review Transaction Details:
  
  Check the details of the transaction you are trying to process. Ensure that all required fields are filled out correctly and that the data is consistent with the loan product type.
  
  
  
  User Authorizations:
  
  Ensure that the user attempting to process the transaction has the necessary authorizations. If not, work with your SAP security team to grant the required permissions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the loan product type and any related configuration settings.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with SAP experts for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan processing, such as FSP0 (Loan Management) or FSP1 (Create Loan).
  SAP Notes: Check for any SAP Notes related to error message 6E021 in the SAP Support Portal, as there may be patches or updates that address known issues.
  Training and Documentation: Ensure that users involved in loan processing are adequately trained and have access to documentation that outlines the correct procedures and configurations.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.