How To Fix FTR_FORWARDS031 - Flow type not defined for cash settlement

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FORWARDS - Messages for Forwards and Futures

• Message number: 031

• Message text: Flow type not defined for cash settlement

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_FORWARDS031 - Flow type not defined for cash settlement ?

  The SAP error message FTR_FORWARDS031 indicates that there is an issue with the flow type not being defined for cash settlement in the context of financial transactions, particularly in the area of forward contracts or derivatives.
  Cause:
  This error typically arises when:
  
  The flow type that is supposed to be used for cash settlement has not been defined in the system.
  The configuration for the financial transaction (like a forward contract) is incomplete or incorrect.
  The relevant settings in the Customizing (SPRO) for cash settlement are not properly maintained.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Flow Type Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Services -> Treasury and Risk Management -> Transaction Management -> Flow Types.
  Ensure that the flow type for cash settlement is defined and correctly configured.
  
  
  
  Define Flow Type:
  
  If the flow type is not defined, you will need to create it. Make sure to specify the necessary parameters and link it to the appropriate transaction types.
  
  
  
  Check Transaction Type Settings:
  
  Verify that the transaction type you are using for the forward contract is correctly set up to use the defined flow type for cash settlement.
  
  
  
  Review Cash Settlement Settings:
  
  Ensure that the cash settlement settings for the specific financial instrument are correctly maintained. This includes checking the relevant configuration for cash flows and settlement types.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the configuration by attempting to process a cash settlement again to see if the error persists.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for Treasury and Risk Management for detailed guidance on flow types and cash settlements.
  Transaction Codes: You may find transaction codes like FTR_EDIT (to edit financial transactions) and FTR_CREATE (to create financial transactions) useful for testing and troubleshooting.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance on configuration.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in Treasury and Risk Management within SAP.