How To Fix FTR_SL031 - Securities account &1/&2 is not a lending securities account

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_SL - Messages: Securities Lending

• Message number: 031

• Message text: Securities account &1/&2 is not a lending securities account

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_SL031 - Securities account &1/&2 is not a lending securities account ?

  The SAP error message FTR_SL031 indicates that the securities account specified in the transaction is not recognized as a lending securities account. This error typically arises in the context of financial transactions involving securities lending, where specific account types are required to facilitate such operations.
  Cause:
  
  Account Type Mismatch: The securities account you are trying to use is not configured as a lending securities account in the system.
  Configuration Issues: The account may not have been set up correctly in the system, or it may not have the necessary attributes to be classified as a lending securities account.
  Incorrect Account Number: The account number or the company code specified in the transaction may be incorrect or not exist in the system.
  Authorization Issues: The user may not have the necessary permissions to access or use the specified securities account.
  
  Solution:
  
  
  Check Account Configuration:
  
  Verify that the securities account is set up correctly in the system. You can do this by navigating to the relevant configuration settings in SAP (Transaction Code: OAA3 for asset accounting or similar).
  Ensure that the account is marked as a lending securities account.
  
  
  
  Review Account Details:
  
  Double-check the account number and company code you are using in the transaction. Make sure they are correct and correspond to a valid lending securities account.
  
  
  
  Consult with SAP Administrator:
  
  If you do not have access to the configuration settings, consult with your SAP administrator or finance team to ensure that the account is properly configured and that you have the necessary permissions.
  
  
  
  Transaction Type:
  
  Ensure that the transaction you are trying to execute is appropriate for a lending securities account. Some transactions may require specific account types.
  
  
  
  Documentation and Support:
  
  Refer to SAP documentation or help resources for more detailed information on securities accounts and their configurations.
  If the issue persists, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FTR_CREATE (to create financial transactions) and FTR_EDIT (to edit financial transactions).
  Securities Management: Understanding the broader context of securities management in SAP can help in troubleshooting similar issues.
  User Roles and Authorizations: Ensure that user roles and authorizations are correctly set up to avoid access-related issues.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.