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

SAP Error Message - Details

• 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 the update types are not defined, you will need to create them. This usually involves:
  
  Accessing the relevant customizing transaction (e.g., SPRO).
  Going to the section for Financial Instruments or Treasury Management.
  Defining the necessary update types for position changes.
  
  
  
  
  
  Review Master Data:
  
  Check the master data for the financial instruments involved. Ensure that all required fields are filled out correctly and that there are no missing entries.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help notes related to financial instruments and position management for specific guidance on the configuration.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Seek Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with SAP experts who can provide more tailored assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (Customizing), FTR_EDIT (to edit financial transactions), and others related to treasury management.
  SAP Notes: Check for any SAP Notes that may address this specific error or provide additional guidance on configuration.
  Training and Documentation: Consider training sessions or documentation on financial instruments and treasury management in SAP to better understand the configuration and processes involved.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.