How To Fix 6E028 - Flow types for premium/discount currency swap not defined

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 028

• Message text: Flow types for premium/discount currency swap not defined

What causes this issue?

The flow types for the currency swap postings for the premium/discount
have not been defined or the settings are incomplete.

System Response

Processing is terminated.

How to fix this error?

Maintain the flow types.

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

For each flow type which is in flow category "TA" and flagged as
relevant for accrual/deferral, you need to create currency swap flow
types as in the example below.
<DS:SIMG.SIMG_CFMENUFNMCFZCS>Define flow types</>
<DS:SIMG.SIMG_CFMENUFNMCFZBA>Assign offsetting flows</>
Define account determination for the flow types.
<DS:SIMG.SIMG_CFMENUFNMCFNZA>Define account determination</>

How can this happen?

To enable a currency swap posting to be made for the discount flow type
0165, you need to make the following settings:
Create flow types for inflows and outflows:
0950 A_Currency swap disc. outflow:
Flow category : "____"
Calculation cat. : "____"
Activity indicator : 08
Activity category : 0024
Assets/Liab. : 0
0952 A_Currency swap disc. inflow:
Flow category : "____"
Calculation cat. : "____"
Activity indicator : 07
Activity category : 0023
Assets/Liab. : 0
Assign offsetting flows:
Relationship 100: TR-LO euro currency swap premium/discount outflow
<ZH>Flow type:</>
0165 A_Discount debit pos. rec.
<ZH>Reference flow type:</>
0950 A_Currency swap disc. outflow
Relationship 101: TR-LO euro currency swap premium/discount inflow
<ZH>Flow type:</>
0165 A_Discount debit pos. rec.
<ZH>Reference flow type:</>
0952 A_Currency swap disc. inflow
You need to set up account determination for the flow types to ensure
that outflows from the "deferrals" account are posted to a currency
swap account, and the inflows returned from the currency swap account
are posted back to the "deferrals" account. The "deferrals" account
must be the same as the account for the flow type "0165 A_Discount
debit pos. rec.".

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 6E028 - Flow types for premium/discount currency swap not defined ?

  The SAP error message 6E028 indicates that there are no flow types defined for a premium or discount currency swap in the system. This typically occurs in the context of financial transactions involving currency swaps, where the system expects certain configurations to be in place to handle the premium or discount associated with the swap.
  Cause:
  The error is usually caused by one of the following reasons:
  
  Missing Configuration: The flow types for premium or discount currency swaps have not been defined in the system.
  Incorrect Settings: The existing flow types may not be correctly set up or may not correspond to the specific currency swap transaction being processed.
  Inconsistent Data: There may be inconsistencies in the data related to the currency swap that prevent the system from processing it correctly.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Define Flow Types:
  
  Go to the SAP transaction code OBPM1 (or the relevant configuration transaction for your version).
  Check if the flow types for premium and discount currency swaps are defined.
  If they are not defined, you will need to create them. This involves specifying the necessary parameters and ensuring they align with your business requirements.
  
  
  
  Review Existing Flow Types:
  
  If flow types are defined, review them to ensure they are set up correctly.
  Check for any discrepancies or missing configurations that might be causing the error.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or configuration guides specific to your version of SAP for detailed instructions on setting up flow types for currency swaps.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Seek Help from SAP Support:
  
  If you are unable to resolve the issue, consider reaching out to SAP support or consulting with a technical expert who specializes in SAP financial modules.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBPM1 (for defining flow types) and others related to financial instruments.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  Training and Documentation: Ensure that your team is trained on the configuration of financial instruments in SAP to prevent similar issues in the future.
  
  By following these steps, you should be able to address the error message 6E028 and ensure that your currency swap transactions are processed correctly.