How To Fix CMS_SEC050 - Depository bank &1 does not exist, check depository bank ID &1

SAP Error Message - Details

• Message type: E = Error

• Message class: CMS_SEC - CMS Securities Add-on

• Message number: 050

• Message text: Depository bank &1 does not exist, check depository bank ID &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message CMS_SEC050 - Depository bank &1 does not exist, check depository bank ID &1 ?

  The SAP error message CMS_SEC050 indicates that the system cannot find the specified depository bank in the database. This error typically occurs in the context of financial transactions or when dealing with securities management in SAP.
  Cause:
  The error message "Depository bank &1 does not exist, check depository bank ID &1" is triggered when:
  
  The depository bank ID provided in the transaction does not exist in the system.
  The depository bank has not been properly configured or activated in the system.
  There may be a typo or incorrect entry in the depository bank ID.
  The depository bank may have been deleted or marked as inactive.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Verify the Depository Bank ID:
  
  Check the depository bank ID you are using in the transaction. Ensure that it is entered correctly without any typos.
  
  
  
  Check Configuration:
  
  Go to the relevant configuration settings in SAP to verify if the depository bank is set up correctly.
  You can check the configuration in the following path:
  
  SPRO ? Financial Services ? Bank Management ? Define Depository Banks.
  
  
  Ensure that the bank is listed and is active.
  
  
  
  Create or Activate the Depository Bank:
  
  If the depository bank does not exist, you may need to create it. Use the transaction code FI01 (Create Bank) to add a new depository bank.
  If the bank exists but is inactive, you may need to activate it.
  
  
  
  Check Authorization:
  
  Ensure that you have the necessary authorizations to access the depository bank information.
  
  
  
  Consult Documentation:
  
  Review any relevant documentation or user manuals related to the specific module you are working with to ensure that you are following the correct procedures.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FI01 (Create Bank), FI02 (Change Bank), and FI03 (Display Bank) for managing bank details.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Review SAP Help documentation for the specific module you are working with, as it may provide additional insights into managing depository banks.
  
  By following these steps, you should be able to identify and resolve the issue related to the CMS_SEC050 error message in SAP.