How To Fix CMS_CAG247 - Guarantee can either be an indemnity bond or a fixed liability guarantee

CMS_CAG247 - Overview

• Message type: E = Error

• Message class: CMS_CAG - Message Class for Collateral Agreement

• Message number: 247

• Message text: Guarantee can either be an indemnity bond or a fixed liability guarantee

What causes this issue?

In a fixed liability guarantee, the value of the guarantee is restricted
to the value of the collateral agreement. However, in an indemnity bond,
the value of the guarantee is calculated using the guarantee rate.
Therefore, you must mark a guarantee as either a fixed liability
guarantee or an indemnity bond.

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

System Response

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_CAG247 - Guarantee can either be an indemnity bond or a fixed liability guarantee ?

  The SAP error message CMS_CAG247 indicates that there is an issue with the type of guarantee being used in a transaction. Specifically, it states that the guarantee must be either an indemnity bond or a fixed liability guarantee. This error typically arises in the context of contract management or financial transactions where guarantees are involved.
  
  Cause:
  
  Incorrect Guarantee Type: The guarantee type selected in the transaction does not match the expected types defined in the system. The system is configured to accept only indemnity bonds or fixed liability guarantees.
  
  Configuration Issues: There may be a configuration issue in the SAP system where the guarantee types are not properly defined or linked to the relevant transaction types.
  Data Entry Error: The user may have entered an incorrect value or selected an inappropriate option when specifying the guarantee.
  
  
  Solution:
  
  Verify Guarantee Type: Check the guarantee type selected in the transaction. Ensure that it is either an indemnity bond