How To Fix FINS_IMP_RUN002 - No ECL rate record exists for accounting principle &1 and aging scope &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IMP_RUN - Messages/Texts for Impairment Run

• Message number: 002

• Message text: No ECL rate record exists for accounting principle &1 and aging scope &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_IMP_RUN002 - No ECL rate record exists for accounting principle &1 and aging scope &2 ?

  The SAP error message FINS_IMP_RUN002 indicates that there is no ECL (Expected Credit Loss) rate record available for the specified accounting principle and aging scope. This error typically arises during the execution of processes related to financial instruments, particularly when calculating expected credit losses.
  Cause:
  
  
  Missing ECL Rate Records: The primary cause of this error is that the system cannot find the required ECL rate records for the specified accounting principle and aging scope. This could be due to:
  
  The ECL rates not being defined in the system.
  The rates being defined but not for the specific combination of accounting principle and aging scope being used.
  Data not being properly maintained or updated in the relevant configuration tables.
  
  
  
  Configuration Issues: There may be issues with the configuration settings in the financial instruments module, leading to the absence of necessary data.
  
  
  Data Migration Issues: If data was migrated from another system, it’s possible that the ECL rates were not transferred correctly.
  
  
  Solution:
  
  
  Check ECL Rate Configuration:
  
  Navigate to the relevant configuration settings in SAP (usually found under Financial Services or Financial Accounting).
  Ensure that ECL rates are defined for the specific accounting principle and aging scope in question.
  If they are missing, you will need to create the necessary ECL rate records.
  
  
  
  Maintain ECL Rates:
  
  Use transaction codes like OBD2 (for maintaining ECL rates) to add or update the ECL rates for the required accounting principles and aging scopes.
  Ensure that the rates are correctly set up and activated.
  
  
  
  Review Data Migration:
  
  If this issue arose after a data migration, verify that all necessary data was migrated correctly.
  Check for any logs or reports that might indicate issues during the migration process.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to ECL and financial instruments for any specific instructions or updates that may be relevant.
  
  
  
  Testing:
  
  After making changes, perform tests to ensure that the error does not reoccur and that the ECL calculations are functioning as expected.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBD2 for maintaining ECL rates, and FSP0 for managing financial instruments.
  SAP Notes: Check SAP Notes for any known issues or patches related to ECL processing.
  User Roles: Ensure that the user executing the process has the necessary authorizations to access and modify ECL rate records.
  Support: If the issue persists after checking the above, consider reaching out to SAP support for further assistance.
  
  By following these steps, you should be able to resolve the FINS_IMP_RUN002 error and ensure that the necessary ECL rate records are in place for your accounting processes.