How To Fix FSTCP_FWTR062 - Update types are not defined for position change of the underlying

FSTCP_FWTR062 - Overview

• Message type: E = Error

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

• Message number: 062

• Message text: Update types are not defined for position change of the underlying

What causes this issue?

In Customizing, for product type &V1& and transaction type &V2& there is
no update type defined for the position update of the position change of
the underlying.

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 position change of the underlying for product type &V1&
and transaction type &V2&.

Procedure for System Administrators

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_FWTR062 - Update types are not defined for position change of the underlying ?

  The SAP error message FSTCP_FWTR062 indicates that there are no update types defined for the position change of the underlying asset in the context of financial transactions, particularly in the area of financial instruments or treasury management.
  
  Cause:
  This error typically arises when:
  
  Missing Configuration: The system lacks the necessary configuration for handling position changes for the specific financial instrument or underlying asset.
  Incorrect Settings: The update types for the position change may not have been set up correctly in the system.
  Data Inconsistencies: There may be inconsistencies or missing data in the master data related to the financial instruments.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Configuration:
  
  Navigate to the configuration settings for financial instruments in SAP.
  Ensure that the update types for position changes are defined for the relevant financial instruments. This can typically be found in the customizing settings under Financial Supply Chain Management (FSCM) or Treasury and Risk Management.
  
  
  
  Define Update Types:
  
  If