How To Fix DFS_POSITION_COMMON162 - Enter a valid convention type for the convention.

DFS_POSITION_COMMON162 - Overview

• Message type: E = Error

• Message class: DFS_POSITION_COMMON - Message Class for Defense Position Common

• Message number: 162

• Message text: Enter a valid convention type for the convention.

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message DFS_POSITION_COMMON162 - Enter a valid convention type for the convention. ?

  The SAP error message DFS_POSITION_COMMON162 typically indicates that there is an issue with the convention type being used in a financial transaction or position management process. This error often arises in the context of financial instruments, such as derivatives or other complex financial products, where specific conventions (like day count conventions, payment conventions, etc.) are required for proper processing.
  
  Cause:
  
  Invalid Convention Type: The convention type entered does not exist in the system or is not valid for the specific transaction or financial instrument being processed.
  
  Configuration Issues: The configuration settings for the financial instruments may not be set up correctly, leading to the system not recognizing the convention type.
  Data Entry Errors: There may be a typographical error or incorrect selection in the user interface when entering the convention type.
  Missing Master Data: The necessary master data for the financial instrument or transaction may not be maintained in the system.
  
  
  Solution:
  
  Check Convention Type: Verify that