How To Fix FTI_LDB_MESSAGE306 - Customizing settings missing for product type &1: Interest calc. method

SAP Error Message - Details

• Message type: E = Error

• Message class: FTI_LDB_MESSAGE - Messages for TR OLTP Reporting Using Logical Databases

• Message number: 306

• Message text: Customizing settings missing for product type &1: Interest calc. method

Trados = TR

What causes this issue?

In Customizing you need to make an entry for the interest calculation
method for product type &1. The system cannot save an effective interest
rate for the transaction and cannot determine an effective interest rate
for OTC transactions (financial transactions that create a position)
during runtime for reporting (in the logical databases).

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?

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 FTI_LDB_MESSAGE306 - Customizing settings missing for product type &1: Interest calc. method ?

  The SAP error message FTI_LDB_MESSAGE306 indicates that there are missing customizing settings for a specific product type related to the interest calculation method. This error typically arises in the context of financial transactions, particularly in the area of Treasury and Risk Management or Financial Services.
  Cause:
  The error occurs when the system cannot find the necessary configuration for the specified product type (denoted by &1) regarding how interest should be calculated. This can happen due to:
  
  Missing Customizing Entries: The interest calculation method for the specified product type has not been defined in the system.
  Incorrect Configuration: The configuration might exist but is not correctly set up or linked to the product type.
  Transport Issues: If the configuration was recently transported from another system, it might not have been properly imported or activated.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Customizing Settings:
  
  Go to the SAP Customizing Implementation Guide (IMG) by using transaction code SPRO.
  Navigate to the relevant section for your product type (e.g., Treasury, Loans, etc.).
  Look for the settings related to interest calculation methods and ensure that there is an entry for the specified product type.
  
  
  
  Define Interest Calculation Method:
  
  If the entry does not exist, you will need to create a new customizing entry for the interest calculation method for the product type in question.
  Ensure that all required fields are filled out correctly.
  
  
  
  Review Product Type Configuration:
  
  Check the configuration of the product type itself to ensure it is correctly linked to the interest calculation method.
  Make sure that the product type is active and properly set up in the system.
  
  
  
  Transport and Activation:
  
  If the settings were recently transported, ensure that the transport request was successfully imported and activated.
  Check for any transport errors that might have occurred during the import process.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help notes related to your specific module for additional guidance on setting up interest calculation methods.
  
  
  
  Testing:
  
  After making the necessary changes, test the functionality to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 (for defining exchange rates), FSP0 (for financial statement versions), or others depending on your specific configuration needs.
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in financial modules.
  
  By following these steps, you should be able to identify and correct the issue causing the error message FTI_LDB_MESSAGE306.