How To Fix CMS_INS007 - Enter the currency for the insurance premium for collateral object

CMS_INS007 - Overview

• Message type: E = Error

• Message class: CMS_INS - Messages for Insurance

• Message number: 007

• Message text: Enter the currency for the insurance premium for collateral object

What causes this issue?

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?

Enter the currency for the insurance premium for collateral object &V1&
&V2&.

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_INS007 - Enter the currency for the insurance premium for collateral object ?

  The SAP error message CMS_INS007, which states "Enter the currency for the insurance premium for collateral object," typically occurs in the context of managing collateral in the SAP system, particularly when dealing with insurance premiums associated with collateral objects.
  
  Cause:
  This error usually arises when the system expects a currency code to be specified for the insurance premium related to a collateral object, but it has not been provided. This can happen due to:
  
  Missing Data: The currency field for the insurance premium is left blank or not filled in during the transaction.
  
  Configuration Issues: There may be issues with the configuration of the collateral management module, where the system is not set up to handle insurance premiums correctly.
  User Input Error: The user may have overlooked entering the required currency information.
  
  
  Solution:
  To resolve the CMS_INS007 error, you can take the following steps:
  
  
  Check Input Fields: Ensure that you have filled in all required fields, particularly the