How To Fix CMS_CAG023 - The currency for &1 missing; enter the reference 'nominal value' currency

SAP Error Message - Details

• Message type: E = Error

• Message class: CMS_CAG - Message Class for Collateral Agreement

• Message number: 023

• Message text: The currency for &1 missing; enter the reference 'nominal value' currency

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message CMS_CAG023 - The currency for &1 missing; enter the reference 'nominal value' currency ?

  The SAP error message CMS_CAG023 indicates that there is a missing currency assignment for a specific reference nominal value in the system. This typically occurs in the context of financial transactions or when dealing with currency conversions in SAP.
  Cause:
  
  Missing Currency Assignment: The error usually arises when a currency is not assigned to a specific nominal value in the system. This can happen if the configuration for the currency is incomplete or if the relevant data has not been maintained properly.
  Incorrect Configuration: The currency settings in the configuration may not be set up correctly, leading to the system being unable to determine the currency for the specified nominal value.
  Data Entry Issues: There may be issues with the data entry where the currency field was left blank or incorrectly filled.
  
  Solution:
  
  
  Check Currency Configuration:
  
  Navigate to the relevant configuration settings in SAP (usually in the Financial Accounting or Controlling modules).
  Ensure that the currency for the nominal value is correctly defined and assigned.
  
  
  
  Maintain Currency Settings:
  
  Go to the transaction code OB08 (for maintaining exchange rates) or OBY6 (for defining currencies).
  Ensure that the currency you are trying to use is defined and that the exchange rates are maintained.
  
  
  
  Review Master Data:
  
  Check the master data related to the nominal value in question. Ensure that all necessary fields, including currency, are filled out correctly.
  If applicable, check the settings in the relevant financial documents or master records.
  
  
  
  Data Entry:
  
  If you are entering data manually, double-check that you have selected the correct currency for the nominal value.
  If the error occurs during a transaction, ensure that all required fields are filled out correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific guidance related to the error message and the context in which it appears.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08, OBY6, and others related to currency and financial settings.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that you have the necessary permissions to make changes to currency settings and master data.
  
  By following these steps, you should be able to resolve the CMS_CAG023 error and ensure that the currency for the nominal value is correctly assigned in your SAP system.