How To Fix AFWGO_MESSAGES231 - Specify VaR type and risk factor set for MR key figure set &1

SAP Error Message - Details

• Message type: E = Error

• Message class: AFWGO_MESSAGES - Messages for Development Class AFWGO

• Message number: 231

• Message text: Specify VaR type and risk factor set for MR key figure set &1

What causes this issue?

You have enabled value-at-risk calculation for the market risk key
figure set &V1&. However, you also need to
specify the relevant value-at-risk type and risk factor set.

System Response

The market data risk key figure set cannot be saved.

How to fix this error?

Specify a value-at-risk type and a risk factor set, or deactivate
value-at-risk calculation.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AFWGO_MESSAGES231 - Specify VaR type and risk factor set for MR key figure set &1 ?

  The SAP error message AFWGO_MESSAGES231 indicates that there is a missing specification for the Value at Risk (VaR) type and risk factor set for a Market Risk (MR) key figure set in the context of SAP's Financial Services (FS) module, particularly in the area of risk management.
  Cause:
  This error typically arises when:
  
  The configuration for the key figure set is incomplete or incorrect.
  The VaR type and risk factor set have not been defined or assigned properly in the system.
  There may be a missing or incorrect entry in the relevant customizing settings for the risk management module.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the customizing settings in SAP (transaction SPRO).
  Navigate to the relevant area for Market Risk Management.
  Ensure that the VaR type and risk factor set are defined and correctly assigned to the key figure set in question.
  
  
  
  Define VaR Type:
  
  If the VaR type is not defined, you need to create it. This can usually be done in the customizing settings under the section for risk management.
  Make sure to specify the necessary parameters for the VaR type.
  
  
  
  Assign Risk Factor Set:
  
  Similarly, ensure that a risk factor set is created and assigned to the key figure set.
  Check if the risk factors are correctly defined and linked to the VaR type.
  
  
  
  Review Key Figure Set:
  
  Verify that the key figure set you are working with is correctly configured to use the specified VaR type and risk factor set.
  If necessary, create or modify the key figure set to include the required specifications.
  
  
  
  Testing:
  
  After making the necessary changes, test the configuration to ensure that the error no longer occurs.
  Run the relevant reports or transactions to confirm that the system processes the data correctly.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for Market Risk Management for detailed guidance on configuring VaR types and risk factor sets.
  SAP Notes: Check for any relevant SAP Notes that may address known issues or provide additional guidance on this error message.
  Community Forums: Consider visiting SAP Community forums or other user groups where similar issues may have been discussed, as they can provide insights and solutions from other users' experiences.
  
  By following these steps, you should be able to resolve the error message AFWGO_MESSAGES231 and ensure that your Market Risk Management configuration is complete and functional.