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

CMS_CAG261 - Overview

• 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