How To Fix FTR_LC057 - Specify the product type

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 057

• Message text: Specify the product type

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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC057 - Specify the product type ?

  The SAP error message FTR_LC057, which states "Specify the product type," typically occurs in the context of financial transactions, particularly when dealing with financial instruments or treasury management in SAP. This error indicates that the system requires a specific product type to be defined for the transaction you are trying to process.
  Cause:
  
  Missing Product Type: The most common cause of this error is that the product type has not been specified in the transaction or configuration settings.
  Configuration Issues: There may be issues in the configuration of the financial instruments or treasury management settings in SAP.
  Data Entry Error: The user may have overlooked entering the product type in the relevant fields during transaction entry.
  
  Solution:
  
  Specify Product Type: Ensure that you enter a valid product type in the relevant field when creating or processing the transaction. This is usually found in the transaction screen where you are entering details about the financial instrument.
  Check Configuration: Review the configuration settings for financial instruments in the SAP system. Ensure that the product types are correctly defined and that the necessary settings are in place.
  
  Navigate to the configuration settings for Treasury and Risk Management (TRM) or Financial Instruments (FI) and verify that the product types are set up correctly.
  
  
  Consult Documentation: Refer to the SAP documentation or help files for guidance on the specific product types that are applicable to your transactions.
  User Training: If this error is frequently encountered, consider providing additional training for users on how to correctly enter transactions and specify product types.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to financial instruments, such as FTR_CREATE (Create Financial Transaction) or FTR_EDIT (Edit Financial Transaction).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that address known issues.
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By ensuring that the product type is specified and that the configuration is correct, you should be able to resolve the FTR_LC057 error and proceed with your financial transactions in SAP.