How To Fix CMS_CAG242 - Collateral agreement portion &1 validity dates have been updated

SAP Error Message - Details

• Message type: E = Error

• Message class: CMS_CAG - Message Class for Collateral Agreement

• Message number: 242

• Message text: Collateral agreement portion &1 validity dates have been updated

What causes this issue?

If you do not maintain the validity dates for the collateral agreement
portions, then collateral agreement dates are automatically maintained
on the collateral agreement portion. You can change these dates if
required.
<ZH>Note</> : Further changes to the collateral agreement dates will not
be copied on to the collateral agreement portions.They would need to be
changed manually.

System Response

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

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CMS_CAG242 - Collateral agreement portion &1 validity dates have been updated ?

  The SAP error message CMS_CAG242 indicates that the validity dates for a collateral agreement portion have been updated. This message typically arises in the context of managing collateral agreements within the SAP system, particularly in the Financial Services sector.
  Cause:
  The error message is triggered when there is a change in the validity dates of a collateral agreement portion. This could happen due to various reasons, such as:
  
  Manual Update: A user manually updated the validity dates of the collateral agreement portion.
  System Process: A background job or process that automatically updates the validity dates based on certain conditions or business rules.
  Data Entry Error: Incorrect data entry that leads to a conflict in the validity dates.
  Integration Issues: If the collateral agreement is integrated with other systems, discrepancies in data synchronization can lead to this error.
  
  Solution:
  To resolve the CMS_CAG242 error, consider the following steps:
  
  Review Changes: Check the recent changes made to the collateral agreement portion. Identify who made the changes and why.
  Validate Dates: Ensure that the new validity dates are correct and do not conflict with existing agreements or business rules.
  Check Dependencies: Look for any dependencies or linked agreements that might be affected by the change in validity dates.
  Revert Changes: If the changes were made in error, revert to the previous validity dates if possible.
  Consult Documentation: Refer to SAP documentation or help files for specific guidelines on managing collateral agreements and validity dates.
  Contact Support: If the issue persists or if you are unsure about the changes, consider reaching out to your SAP support team or consulting with an SAP expert.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for managing collateral agreements, such as CMSCAG for collateral agreement management.
  SAP Notes: Check for any SAP Notes related to collateral agreements that might provide additional insights or fixes for known issues.
  User Roles: Ensure that users have the appropriate roles and permissions to make changes to collateral agreements, as unauthorized changes can lead to errors.
  Training: Consider providing training for users involved in collateral management to minimize errors related to data entry and updates.
  
  By following these steps, you should be able to address the CMS_CAG242 error effectively.