How To Fix FTR_AVG012 - Rate type & is unknown

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_AVG - Messages for Managing Average Rates

• Message number: 012

• Message text: Rate type & is unknown

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_AVG012 - Rate type & is unknown ?

  The SAP error message FTR_AVG012 indicates that the rate type specified in a financial transaction is unknown or not defined in the system. This error typically occurs in the context of financial transactions involving foreign currency valuations, interest calculations, or other financial operations where rate types are essential.
  Cause:
  
  Undefined Rate Type: The rate type specified in the transaction does not exist in the system.
  Configuration Issues: The rate type may not be properly configured in the system settings.
  Data Entry Error: There may be a typo or incorrect entry in the transaction where the rate type is specified.
  Missing Customization: If the system has been customized, the necessary rate types may not have been included in the configuration.
  
  Solution:
  
  
  Check Rate Type Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to the relevant area for financial transactions (e.g., Treasury and Risk Management).
  Check if the rate type in question is defined and active.
  
  
  
  Verify Transaction Data:
  
  Review the transaction where the error occurred.
  Ensure that the rate type is correctly entered and matches one of the defined rate types in the system.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files to understand the valid rate types for the specific transaction you are working with.
  
  
  
  Contact SAP Support:
  
  If the issue persists, consider reaching out to SAP support or your internal SAP team for assistance. They can help identify if there are any missing configurations or if there is a need for a system update.
  
  
  
  Testing:
  
  After making any changes, perform a test transaction to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FTR_EDIT (for editing financial transactions) or FTR_CREATE (for creating new transactions).
  Documentation: Review SAP Notes related to Treasury and Risk Management for any known issues or updates regarding rate types.
  User Roles: Ensure that the user has the necessary permissions to access and modify rate types in the system.
  
  By following these steps, you should be able to identify the cause of the FTR_AVG012 error and implement a solution to resolve it.