How To Fix FTR_LOANS007 - Loan &1, CoCd &2, transaction type &3: Product type parameters not found

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_LOANS - Link Between the Loans Component and the Treasury Ledger

• Message number: 007

• Message text: Loan &1, CoCd &2, transaction type &3: Product type parameters not found

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LOANS007 - Loan &1, CoCd &2, transaction type &3: Product type parameters not found ?

  The SAP error message FTR_LOANS007 indicates that there is an issue with the configuration of the product type parameters for a loan transaction. This error typically arises in the context of financial transactions involving loans, where the system cannot find the necessary parameters for the specified loan product type.
  Cause:
  The error can be caused by several factors, including:
  
  
  Missing Configuration: The product type for the loan transaction has not been properly configured in the system. This could mean that the necessary settings for the loan product type are not defined in the relevant customizing settings.
  
  
  Incorrect Transaction Type: The transaction type specified in the error message may not be correctly linked to the product type in the system.
  
  
  Missing Master Data: The master data for the loan product may not be set up correctly, leading to the system being unable to retrieve the necessary parameters.
  
  
  Company Code Issues: The company code specified may not have the required settings or may not be active for the specified product type.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Product Type Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG) and navigate to the relevant section for loan product types.
  Ensure that the product type parameters are defined correctly for the specified loan product.
  
  
  
  Verify Transaction Type:
  
  Check if the transaction type specified in the error message is correctly configured and linked to the appropriate product type.
  Ensure that the transaction type is valid for the company code in question.
  
  
  
  Review Master Data:
  
  Ensure that all necessary master data for the loan product is created and correctly configured.
  Check if the loan product is active and available for use.
  
  
  
  Company Code Settings:
  
  Verify that the company code specified in the error message is correctly set up for the loan product type.
  Ensure that all necessary configurations for the company code are in place.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to loan management and product type configuration for any additional guidance.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as SPRO (to access the IMG), FTR_EDIT (to edit financial transactions), or FTR_CREATE (to create financial transactions) to navigate through the configuration and transaction processes.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Support: If the issue persists after checking the configurations, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to identify and resolve the cause of the FTR_LOANS007 error in your SAP system.