How To Fix FTI016 - Initial currency &1 for position &2 from contract type &3

FTI016 - Overview

• Message type: E = Error

• Message class: FTI - Treasury Information System

• Message number: 016

• Message text: Initial currency &1 for position &2 from contract type &3

What causes this issue?

A non-initial key figure for position &V2& has a reference currency set
to its initial value (for example, local currency = " ",
position currency = " "). This is incorrect.
The position with the error belongs to the contract type &V3&.
For loans, the combination of company code/loan number is &V2&.
For securities, the combination of company code/ID number/securities
account is &V2&.
For MM/FX/DE, the combination of company code/transaction is &V2&.

System Response

The system sets the key figure affected to its initial value and
displays a corresponding message. Apart from this, it continues with
the selection.

How to fix this error?

Check the data on which the selection is based.

Error message extract from SAP system. Copyright SAP SE.

FTI016 - Details

• The SAP error message FTI016 typically indicates an issue related to the initial currency settings for a financial transaction or position in the context of a contract. This error can occur in various SAP modules, particularly in Financial Transaction Management (FTI) or Treasury and Risk Management (TRM).
  
  Cause:
  The error message FTI016 is triggered when the system cannot find or validate the initial currency for a specific position associated with a contract type. This can happen due to several reasons, including:
  
  Missing Configuration: The initial currency for the specified contract type may not be configured in the system.
  Incorrect Data Entry: There may be a typo or incorrect entry in the contract or position data.
  Inconsistent Master Data: The master data for the contract type or position may not be set up correctly, leading to discrepancies.
  Currency Settings: The currency settings in the system may not align with the expected values for the contract type.
  
  
  Solution:
  To resolve