How To Fix FTR_SL401 - Transaction can only be created as a contract

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_SL - Messages: Securities Lending

• Message number: 401

• Message text: Transaction can only be created as a contract

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_SL401 - Transaction can only be created as a contract ?

  The SAP error message FTR_SL401 indicates that a transaction cannot be created because it must be established as a contract. This error typically occurs in the context of financial transactions, particularly in the area of Treasury and Risk Management (TRM) within SAP.
  Cause:
  The error arises when you attempt to create a transaction (such as a financial deal or derivative) that is expected to be linked to a contract, but the system identifies that the necessary contract information is missing or not properly configured. This can happen due to several reasons:
  
  Missing Contract: The transaction you are trying to create does not have an associated contract.
  Incorrect Transaction Type: The transaction type you are using may not be compatible with the creation of a standalone transaction.
  Configuration Issues: There may be configuration settings in the system that require transactions to be linked to contracts.
  Authorization Issues: The user may not have the necessary permissions to create contracts or transactions.
  
  Solution:
  To resolve the FTR_SL401 error, you can take the following steps:
  
  
  Check Contract Creation:
  
  Ensure that a contract exists for the transaction you are trying to create. If not, create the necessary contract first.
  
  
  
  Review Transaction Type:
  
  Verify that you are using the correct transaction type that allows for the creation of contracts. If the transaction type is not meant for standalone transactions, switch to the appropriate type.
  
  
  
  Configuration Review:
  
  Consult with your SAP configuration team to review the settings related to transaction and contract management. Ensure that the system is configured to allow the creation of transactions without contracts if that is the intended business process.
  
  
  
  User Authorization:
  
  Check if the user has the necessary authorizations to create contracts and transactions. If not, request the appropriate permissions from your SAP security team.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details related to the transaction types and contract management in your version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction creation process again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for contract and transaction management, such as FTR_CREATE for creating financial transactions.
  Training: Consider training sessions for users involved in contract and transaction management to minimize errors in the future.
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support or your internal SAP team for further assistance.