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

CMS_LIQ020 - Overview

• 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.

CMS_LIQ020 - Details

• 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