How To Fix FTR_LOANS064 - Company code &1 is locked due to initialization of the parallel areas

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 064

• Message text: Company code &1 is locked due to initialization of the parallel areas

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LOANS064 - Company code &1 is locked due to initialization of the parallel areas ?

  The SAP error message FTR_LOANS064 indicates that a specific company code is locked due to the initialization of parallel areas in the context of financial transactions, particularly related to loans and financial instruments. This typically occurs in the SAP Treasury and Risk Management module.
  Cause:
  The error arises when the system is trying to perform operations on a company code that is currently locked because it is undergoing initialization processes for parallel areas. This can happen during the setup of new parallel accounting areas or when changes are being made to existing configurations that require the company code to be locked temporarily.
  Solution:
  To resolve this issue, you can follow these steps:
  
  
  Check Lock Status: Verify if the company code is indeed locked. You can do this by checking the relevant transaction codes or tables that manage company code statuses.
  
  
  Wait for Initialization to Complete: If the company code is locked due to ongoing initialization, you may need to wait until the process is completed. This is often a temporary state.
  
  
  Unlock the Company Code: If you have administrative access and it is safe to do so, you can manually unlock the company code. This typically involves:
  
  Navigating to the relevant configuration settings in the SAP system.
  Checking the status of the initialization process.
  If necessary, using transaction codes like OBY6 (for company code settings) to unlock the company code.
  
  
  
  Consult with Basis Team: If you are unable to unlock the company code or if the initialization process seems to be stuck, it may be necessary to consult with your SAP Basis team. They can provide insights into system locks and help resolve any underlying issues.
  
  
  Review Configuration: Ensure that the configuration for parallel accounting areas is set up correctly. Misconfigurations can lead to repeated locking issues.
  
  
  Check for Background Jobs: Sometimes, background jobs related to financial processes may be running and causing the lock. Check the job status in transaction SM37 to see if any jobs are currently processing that might be affecting the company code.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6, SM37, and others that pertain to company code management and job monitoring.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP frequently updates its knowledge base with solutions for common problems.
  Documentation: Review SAP documentation related to Treasury and Risk Management for best practices on managing company codes and parallel accounting areas.
  
  By following these steps, you should be able to identify the cause of the lock and take appropriate action to resolve the error message FTR_LOANS064.