How To Fix FTR_LC008 - Underlying prod.type and trans.type are not defined for trans.type &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_LC - Message class for Letter of Credit

• Message number: 008

• Message text: Underlying prod.type and trans.type are not defined for trans.type &1

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC008 - Underlying prod.type and trans.type are not defined for trans.type &1 ?

  The SAP error message FTR_LC008 indicates that there is a configuration issue related to the underlying product type and transaction type in the context of financial transactions, particularly in the area of treasury and risk management.
  Cause:
  The error occurs when the system cannot find a valid mapping between the underlying product type and the transaction type specified in the transaction. This typically happens when:
  
  The underlying product type is not defined in the system.
  The transaction type is not correctly configured or is missing.
  There is a mismatch between the product type and transaction type in the configuration settings.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for treasury and risk management in SAP.
  Verify that the underlying product type and transaction type are defined correctly.
  Ensure that the mapping between the product type and transaction type is set up properly.
  
  
  
  Define Missing Types:
  
  If the underlying product type or transaction type is missing, you will need to create them in the system.
  Use transaction codes like SPRO to access the configuration menu and navigate to the relevant sections for defining product types and transaction types.
  
  
  
  Review Transaction Data:
  
  Check the transaction data you are trying to process. Ensure that the product type and transaction type you are using are valid and correspond to the definitions in the system.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for specific guidance on configuring product types and transaction types in your version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  SPRO: Access the SAP Reference IMG for configuration.
  FTR_CREATE: Create financial transactions.
  FTR_EDIT: Edit existing financial transactions.
  
  
  
  SAP Notes:
  
  Check for any relevant SAP Notes that might address this specific error or provide additional guidance on configuration.
  
  
  
  Support:
  
  If the issue persists after checking the configuration, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in treasury and risk management.
  
  
  
  By following these steps, you should be able to identify and resolve the cause of the FTR_LC008 error in your SAP system.