How To Fix CMS_SEC062 - Enter the bank key for the ISIN &1.

SAP Error Message - Details

• Message type: E = Error

• Message class: CMS_SEC - CMS Securities Add-on

• Message number: 062

• Message text: Enter the bank key for the ISIN &1.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message CMS_SEC062 - Enter the bank key for the ISIN &1. ?

  The SAP error message CMS_SEC062, which states "Enter the bank key for the ISIN &1," typically occurs in the context of managing securities in the SAP system, particularly when dealing with financial instruments like bonds or stocks that are identified by their International Securities Identification Number (ISIN).
  Cause:
  The error is triggered when a user attempts to perform an action related to a security (identified by its ISIN) but has not provided the required bank key. The bank key is essential for identifying the financial institution associated with the security transaction. This could happen in various scenarios, such as:
  
  When creating or updating a security master record.
  When processing transactions related to securities.
  When trying to execute a report or transaction that requires bank information.
  
  Solution:
  To resolve the CMS_SEC062 error, you need to ensure that the bank key is correctly entered for the specified ISIN. Here are the steps you can take:
  
  
  Check the ISIN: Verify that the ISIN you are working with is correct and exists in the system.
  
  
  Enter the Bank Key:
  
  Navigate to the relevant transaction or screen where the error occurred.
  Look for a field labeled "Bank Key" or similar.
  Enter the appropriate bank key associated with the ISIN.
  
  
  
  Maintain Security Master Data:
  
  If you are managing securities, ensure that the security master data is complete. You may need to go to the transaction for maintaining securities (e.g., transaction code O3U_SG or similar) and check if the bank key is maintained for the ISIN in question.
  
  
  
  Consult Documentation: If you are unsure about which bank key to use, consult your organization's financial or treasury department, or refer to internal documentation that outlines the bank keys used for different securities.
  
  
  Authorization: Ensure that you have the necessary authorizations to enter or modify bank key information in the system.
  
  
  System Configuration: If the issue persists, it may be necessary to check the system configuration or consult with your SAP Basis or security team to ensure that the system is set up correctly to handle securities and their associated bank keys.
  
  
  Related Information:
  
  ISIN: The International Securities Identification Number is a unique identifier for securities, which is essential for trading and settlement.
  Bank Key: This is a code that identifies a bank or financial institution in the SAP system, often used in payment processing and financial transactions.
  SAP Transactions: Familiarize yourself with relevant SAP transactions for managing securities, such as O3U_SG for security master data or O3U_SG1 for securities transactions.
  
  If you continue to experience issues after following these steps, it may be beneficial to reach out to your SAP support team or consult SAP's official documentation for further assistance.