How To Fix FKKSEC426 - Business partner &1 is not a guarantor for noncash securities

SAP Error Message - Details

• Message type: E = Error

• Message class: FKKSEC - Contract Accounts Receivable and Payable: Security Deposit

• Message number: 426

• Message text: Business partner &1 is not a guarantor for noncash securities

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FKKSEC426 - Business partner &1 is not a guarantor for noncash securities ?

  The SAP error message FKKSEC426 indicates that the specified business partner is not recognized as a guarantor for noncash securities in the system. This error typically arises in the context of financial transactions involving securities, where a guarantor is required to back the transaction.
  Cause:
  
  Business Partner Configuration: The business partner (BP) in question may not be set up correctly in the system to act as a guarantor for noncash securities. This could be due to missing or incorrect data in the business partner's master data.
  Role Assignment: The business partner may not have the appropriate role assigned that qualifies them as a guarantor for noncash securities.
  Transaction Context: The specific transaction being processed may require a guarantor, and the selected business partner does not meet the criteria set in the system.
  
  Solution:
  
  
  Check Business Partner Master Data:
  
  Navigate to the business partner master data in SAP.
  Verify that the business partner is correctly set up and has the necessary roles assigned (e.g., Guarantor role).
  Ensure that the business partner is marked as a guarantor for noncash securities.
  
  
  
  Role Assignment:
  
  If the business partner does not have the required role, you may need to assign the appropriate role that allows them to act as a guarantor.
  This can typically be done in the transaction code BP (Business Partner) by editing the roles assigned to the business partner.
  
  
  
  Review Transaction Requirements:
  
  Check the specific transaction you are trying to execute to ensure that it is correctly configured to recognize the business partner as a guarantor.
  If necessary, consult with your financial or compliance team to understand the requirements for guarantors in your specific business context.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to business partner roles and securities to ensure compliance with system requirements.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with SAP experts for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as BP for business partner maintenance and FBL1N for vendor line items, if applicable.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Roles and Authorizations: Ensure that the user executing the transaction has the necessary authorizations to view and modify business partner data.
  
  By following these steps, you should be able to resolve the FKKSEC426 error and ensure that the business partner is correctly configured as a guarantor for noncash securities.