How To Fix FINSTF_MIG003 - Product type &1 is not defined for product category &2 TF category &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FINSTF_MIG - Message class for trade finance migration

• Message number: 003

• Message text: Product type &1 is not defined for product category &2 TF category &3

What causes this issue?

For product category 850 <LS>Letter of Credit</>, there are two trade
finance categories: <LS>Letter of Credit</> and <LS>Standby Letter of
Credit</>. Financial document types can only be mapped with product
types defined for trade finance category <LS>Letter of Credit</> under
product category 850, but the product type you enter does not meet the
requirement.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINSTF_MIG003 - Product type &1 is not defined for product category &2 TF category &3 ?

  The SAP error message FINSTF_MIG003 indicates that there is an issue with the configuration of product types in relation to product categories and transaction framework (TF) categories. Specifically, it means that the system cannot find a definition for the specified product type in the context of the given product category and TF category.
  Cause:
  
  Missing Configuration: The product type you are trying to use is not defined for the specified product category and TF category in the system.
  Incorrect Mapping: There may be a mismatch or incorrect mapping between product types and product categories in the configuration settings.
  Data Migration Issues: If this error occurs during a data migration process, it could be due to missing or incorrectly migrated data.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (usually in the Customizing Implementation Guide - SPRO).
  Navigate to the relevant section for defining product types and ensure that the product type is correctly defined for the specified product category and TF category.
  If the product type is missing, you may need to create it or adjust the existing configuration.
  
  
  
  Review Product Type and Category Mapping:
  
  Ensure that the product type is correctly mapped to the product category and TF category.
  Check if there are any inconsistencies in the definitions that could lead to this error.
  
  
  
  Data Migration Review:
  
  If this error occurs during a migration process, review the data being migrated to ensure that all necessary product types and categories are included.
  Validate the data against the target system's configuration to ensure compatibility.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to product types and categories for any specific requirements or additional configuration steps that may be necessary.
  
  
  
  Testing:
  
  After making changes, perform tests to ensure that the error is resolved and that the product type can be used as intended.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for configuration, SE11 for data dictionary, or SE80 for object navigator to check the relevant definitions.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Support: If you are unable to resolve the issue, consider reaching out to SAP support or your internal SAP team for assistance.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.