How To Fix CMS_CAG261 - Percentage default liability is relevant only for Indemnity bonds

SAP Error Message - Details

• Message type: E = Error

• Message class: CMS_CAG - Message Class for Collateral Agreement

• Message number: 261

• Message text: Percentage default liability is relevant only for Indemnity bonds

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message CMS_CAG261 - Percentage default liability is relevant only for Indemnity bonds ?

  The SAP error message CMS_CAG261, which states that "Percentage default liability is relevant only for Indemnity bonds," typically occurs in the context of managing bonds and guarantees within the SAP system, particularly in the Contract Management or Financial Services modules.
  Cause:
  This error message is triggered when a user attempts to set a percentage default liability for a bond type that does not support it. In SAP, percentage default liability is a feature that is specifically applicable to indemnity bonds, which are a type of bond that provides a guarantee against loss or damage. If you are trying to apply this feature to a bond type that is not classified as an indemnity bond, the system will generate this error.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Bond Type: Verify the type of bond you are working with. Ensure that it is indeed an indemnity bond if you intend to use percentage default liability.
  
  
  Adjust Settings: If the bond type is not an indemnity bond, you will need to either:
  
  Change the bond type to an indemnity bond if that is appropriate for your business case.
  Remove the percentage default liability setting if it is not applicable to the current bond type.
  
  
  
  Consult Documentation: Review the SAP documentation or configuration guides related to bond management to understand the specific requirements and settings for indemnity bonds and other bond types.
  
  
  Configuration Check: If you have the necessary permissions, check the configuration settings in the SAP system to ensure that the bond types are correctly defined and that the percentage default liability is only enabled for indemnity bonds.
  
  
  Seek Help from SAP Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with SAP experts who can provide guidance based on your specific system configuration.
  
  
  Related Information:
  
  Indemnity Bonds: These are bonds that provide a guarantee to indemnify the bondholder against losses. They are commonly used in various industries, including construction and finance.
  Bond Management in SAP: SAP provides functionalities for managing different types of bonds, including performance bonds, payment bonds, and indemnity bonds. Each type has specific attributes and settings.
  SAP Notes and Knowledge Base: Check SAP Notes for any known issues or updates related to this error message. The SAP Knowledge Base may also have articles that provide additional context or solutions.
  
  By following these steps, you should be able to address the CMS_CAG261 error and ensure that your bond management processes in SAP are functioning correctly.