How To Fix CMS_LIQ020 - Prerequisites not met for lowest ranked collateral agreement

SAP Error Message - Details

• Message type: E = Error

• Message class: CMS_LIQ - Liquidation

• Message number: 020

• Message text: Prerequisites not met for lowest ranked collateral agreement

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?

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_LIQ020 - Prerequisites not met for lowest ranked collateral agreement ?

  The SAP error message CMS_LIQ020 indicates that the prerequisites for the lowest-ranked collateral agreement have not been met. This error typically arises in the context of collateral management within SAP, particularly when dealing with financial transactions that involve collateral agreements.
  Cause:
  The error can occur due to several reasons, including:
  
  Missing or Incomplete Data: Required fields or data for the collateral agreement may be missing or incomplete.
  Incorrect Ranking: The collateral agreements may not be ranked correctly, or the lowest-ranked agreement does not meet the necessary conditions.
  Collateral Agreement Conditions: The conditions specified in the collateral agreement may not be satisfied, such as limits, eligibility, or other criteria.
  Configuration Issues: There may be configuration issues in the collateral management settings that prevent the agreement from being processed correctly.
  
  Solution:
  To resolve the CMS_LIQ020 error, you can take the following steps:
  
  
  Check Collateral Agreement Data:
  
  Review the collateral agreements involved to ensure that all required fields are filled out correctly.
  Verify that the lowest-ranked collateral agreement has all necessary conditions met.
  
  
  
  Review Ranking:
  
  Ensure that the ranking of the collateral agreements is correct. The system should be able to identify the lowest-ranked agreement properly.
  
  
  
  Validate Conditions:
  
  Check the specific conditions of the collateral agreement to ensure they are satisfied. This may include limits, collateral types, and other criteria.
  
  
  
  Configuration Review:
  
  If you have access to the configuration settings, review the collateral management configuration to ensure that it is set up correctly.
  Consult with your SAP Basis or configuration team if you suspect there are issues with the setup.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed information on collateral management and the specific error message.
  
  
  
  SAP Notes and Support:
  
  Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  If the issue persists, consider reaching out to SAP support for assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for collateral management, such as CMSA (Collateral Management) or CMSL (Collateral Management: Liquidity).
  User Roles: Ensure that the user has the appropriate roles and authorizations to access and modify collateral agreements.
  Testing: After making changes, conduct tests to ensure that the error is resolved and that the collateral agreements are processed correctly.
  
  By following these steps, you should be able to identify and resolve the issue causing the CMS_LIQ020 error in SAP.