How To Fix FTR_TRADE_REP205 - Legal basis and trade ID are not relevant for company code or prod.type

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TRADE_REP - Trade Repository

• Message number: 205

• Message text: Legal basis and trade ID are not relevant for company code or prod.type

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_TRADE_REP205 - Legal basis and trade ID are not relevant for company code or prod.type ?

  The SAP error message FTR_TRADE_REP205 indicates that there is an issue with the legal basis and trade ID not being relevant for the specified company code or product type in the context of financial transactions, particularly in the area of treasury and risk management.
  Cause:
  
  Incorrect Configuration: The legal basis or trade ID may not be properly configured for the specific company code or product type in the system.
  Missing Master Data: The necessary master data for the legal basis or trade ID might be missing or incorrectly set up.
  Incompatibility: The combination of the company code and product type may not support the specified legal basis or trade ID.
  Data Entry Error: There may be a mistake in the data entry when creating or processing the transaction.
  
  Solution:
  
  
  Check Configuration:
  
  Navigate to the configuration settings for the legal basis and trade ID in the SAP system.
  Ensure that the legal basis and trade ID are correctly assigned to the relevant company code and product type.
  
  
  
  Review Master Data:
  
  Verify that all necessary master data related to the legal basis and trade ID is correctly maintained.
  Check if the legal basis is defined for the specific product type and company code.
  
  
  
  Validate Data Entry:
  
  Review the transaction data for any errors or inconsistencies.
  Ensure that the correct legal basis and trade ID are being used for the transaction.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidelines on legal basis and trade ID configurations.
  
  
  
  Contact Support:
  
  If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FTR_EDIT or FTR_CREATE for managing financial transactions.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Training and Documentation: Ensure that users involved in transaction processing are adequately trained on the importance of legal basis and trade ID configurations.
  
  By following these steps, you should be able to identify and resolve the issue related to the error message FTR_TRADE_REP205 in SAP.