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

SAP Error Message - Details

• 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 or a fixed liability guarantee.
  Review Configuration: If you have access to the configuration settings, review the definitions of guarantee types in the system. Ensure that the necessary types are correctly configured and available for use.
  Correct Data Entry: If the error is due to incorrect data entry, correct the input and try processing the transaction again.
  Consult Documentation: Refer to the SAP documentation or user manuals for guidance on the correct usage of guarantees in your specific module (e.g., Contract Management, Financials).
  Contact Support: If the issue persists after verifying the above steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  SAP Modules: This error is often encountered in modules related to Contract Management (CMS) or Financial Management.
  Guarantee Types: Understanding the difference between indemnity bonds and fixed liability guarantees can help in selecting the correct type for your transaction.
  User Roles: Ensure that the user has the appropriate permissions to create or modify guarantees in the system, as restrictions may lead to errors.
  
  By following these steps, you should be able to resolve the CMS_CAG247 error and proceed with your transaction successfully.