How To Fix CMS_INS008 - Enter the currency for the insurance tax amount of collateral object

SAP Error Message - Details

• Message type: E = Error

• Message class: CMS_INS - Messages for Insurance

• Message number: 008

• Message text: Enter the currency for the insurance tax amount of 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 tax amount of collateral object
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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_INS008 - Enter the currency for the insurance tax amount of collateral object ?

  The SAP error message CMS_INS008, which states "Enter the currency for the insurance tax amount of collateral object," typically occurs in the context of managing collateral in the SAP system, particularly when dealing with insurance-related transactions.
  Cause:
  This error usually arises when the system expects a currency code to be specified for the insurance tax amount associated with a collateral object, but it has not been provided. This can happen due to:
  
  Missing Data: The currency field for the insurance tax amount is left blank or not filled in correctly.
  Configuration Issues: There may be issues with the configuration of the collateral management module or the insurance settings.
  Data Entry Errors: Users may have overlooked entering the required currency information during data entry.
  
  Solution:
  To resolve the CMS_INS008 error, you can take the following steps:
  
  
  Check Input Fields: Ensure that the currency field for the insurance tax amount is filled in correctly. This field should not be left blank.
  
  
  Review Collateral Object: Navigate to the collateral object in question and verify that all required fields, including the currency for the insurance tax, are populated.
  
  
  Configuration Review: If the issue persists, check the configuration settings for collateral management and insurance tax in your SAP system. Ensure that the necessary settings are in place to allow for the entry of currency information.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the collateral management module and insurance tax settings.
  
  
  User Training: If this error is common among users, consider providing additional training on the data entry process for collateral objects to ensure that all required fields are completed.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with SAP experts for further assistance.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional context.
  Transaction Codes: Familiarize yourself with transaction codes related to collateral management (e.g., CMS1, CMS2) to navigate the system effectively.
  User Roles: Ensure that users have the appropriate roles and permissions to enter and modify collateral data.
  
  By following these steps, you should be able to resolve the CMS_INS008 error and ensure that the necessary currency information is correctly entered for the insurance tax amount of the collateral object.