How To Fix FTR_TRADE_REP054 - No price type defined for trade repository &1 and company &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TRADE_REP - Trade Repository

• Message number: 054

• Message text: No price type defined for trade repository &1 and company &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TRADE_REP054 - No price type defined for trade repository &1 and company &2 ?

  The SAP error message FTR_TRADE_REP054 indicates that there is no price type defined for a specific trade repository and company code in the system. This error typically arises in the context of financial transactions, particularly in the area of treasury and risk management, where pricing information is crucial for trade reporting.
  Cause:
  The error can occur due to several reasons:
  
  Missing Configuration: The price type for the specified trade repository and company code has not been configured in the system.
  Incorrect Settings: There may be incorrect or incomplete settings in the configuration of the trade repository.
  Data Entry Error: The trade repository or company code specified in the transaction may be incorrect or not properly set up.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for the trade repository in SAP.
  Navigate to the relevant section where price types are defined (usually found in the customizing settings for Treasury and Risk Management).
  Ensure that a price type is defined for the specified trade repository and company code.
  
  
  
  Define Price Type:
  
  If a price type is not defined, you will need to create one. This typically involves:
  
  Accessing the configuration path: SPRO -> Financial Supply Chain Management -> Treasury and Risk Management -> Transaction Manager -> Trade Repository -> Define Price Types.
  Creating a new price type or modifying an existing one to ensure it is linked to the correct trade repository and company code.
  
  
  
  
  
  Validate Data:
  
  Double-check the trade repository and company code being used in the transaction to ensure they are correct.
  Ensure that all necessary data is entered correctly in the transaction.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for configuration or FTR_EDIT for editing financial transactions.
  Documentation: Refer to SAP Help documentation for detailed guidance on configuring trade repositories and price types.
  Support: If the issue persists after checking the configuration, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error message.
  
  By following these steps, you should be able to resolve the FTR_TRADE_REP054 error and ensure that your trade repository is properly configured for pricing.