How To Fix FTBCVA042 - Contract type &1 of financial transaction &2 is not supported

FTBCVA042 - Overview

• Message type: E = Error

• Message class: FTBCVA - Credit Value Adjustment

• Message number: 042

• Message text: Contract type &1 of financial transaction &2 is not supported

What causes this issue?

Only transactions with the contract categories '4' (Foreign Exchange),
'5' (Money Market) and '6' (Derivatives) are considered for the CVA
calculation. Consequently,
it is not permitted to create expected exposures with other contract
categories.

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?

Enter a financial transaction with a supported contract category.

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 FTBCVA042 - Contract type &1 of financial transaction &2 is not supported ?

  The SAP error message FTBCVA042 indicates that the contract type specified in a financial transaction is not supported by the system. This error typically arises in the context of financial transactions involving contracts, such as those related to financial instruments, leasing, or other contractual agreements.
  
  Cause:
  
  Unsupported Contract Type: The contract type specified in the transaction does not exist in the system or is not configured to be used for the specific financial transaction.
  
  Configuration Issues: The contract type may not be properly configured in the system settings, or it may not be linked to the relevant financial transaction type.
  Missing Authorizations: The user may not have the necessary authorizations to process transactions with the specified contract type.
  Data Entry Errors: There may be a typographical error in the contract type or transaction code entered.
  
  
  Solution:
  
  Check Contract Type: Verify that the contract type specified in the transaction is valid and exists in the system. You can