How To Fix FSTCP_FWTR060 - For the position update, an update type must be assigned to close flow

SAP Error Message - Details

• Message type: E = Error

• Message class: FSTCP_FWTR - Message Class for Forward Securities Transaction

• Message number: 060

• Message text: For the position update, an update type must be assigned to close flow

What causes this issue?

The update type for the position update of the close flow has not been
entered correctly in Customizing for product type &V1& and transaction
type &V2&.

System Response

The system cannot execute the function.

How to fix this error?

Check your Customizing settings to see whether an update type has been
defined for the close flow for product type &V1& and transaction type
&V2&.
&V1&

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FSTCP_FWTR060 - For the position update, an update type must be assigned to close flow ?

  The SAP error message FSTCP_FWTR060 typically occurs in the context of financial transactions, particularly when dealing with flow types in the SAP system. This error indicates that for a position update, an update type must be assigned to close the flow. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Missing Update Type: The error usually arises when there is no update type assigned to the flow type that is being processed. In SAP, flow types are used to categorize financial transactions, and each flow type may require a specific update type to indicate how the transaction should be processed.
  Configuration Issues: There may be a configuration issue in the financial transaction settings where the update type is not properly defined or linked to the flow type.
  Data Entry Errors: Incorrect or incomplete data entry during the transaction processing can also lead to this error.
  
  Solution:
  
  
  Check Flow Type Configuration:
  
  Navigate to the configuration settings for flow types in the SAP system (Transaction code: SPRO).
  Ensure that the flow type you are working with has an appropriate update type assigned. This can usually be found under the financial accounting or treasury management settings.
  
  
  
  Assign Update Type:
  
  If the update type is missing, you will need to assign it. This can typically be done in the configuration settings where you define the flow types and their associated parameters.
  Make sure to save your changes and test the transaction again.
  
  
  
  Review Transaction Data:
  
  Double-check the data you are entering for the transaction. Ensure that all required fields are filled out correctly and that the flow type is appropriate for the transaction being processed.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the flow types and update types relevant to your version of SAP.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and data, consider reaching out to SAP support for further assistance. They may provide insights specific to your system setup.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FTR_EDIT (for editing financial transactions) or FTR_CREATE (for creating financial transactions) to help navigate the system.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional context or solutions based on known issues.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to resolve the error message FSTCP_FWTR060 and successfully process your position update in SAP.