How To Fix FTR_TRADE_REP206 - Legal basis &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TRADE_REP - Trade Repository

• Message number: 206

• Message text: Legal basis &1 does not exist

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TRADE_REP206 - Legal basis &1 does not exist ?

  The SAP error message FTR_TRADE_REP206 with the description "Legal basis &1 does not exist" typically occurs in the context of financial transactions, particularly in the area of treasury and risk management. This error indicates that the system is unable to find a legal basis (a specific legal framework or regulation) that is required for processing a particular financial transaction.
  Cause:
  
  Missing Configuration: The legal basis specified in the transaction does not exist in the system. This could be due to a missing entry in the configuration settings.
  Incorrect Input: The legal basis code entered in the transaction might be incorrect or misspelled.
  Data Migration Issues: If data was migrated from another system, the legal basis might not have been transferred correctly.
  Versioning: The legal basis might have been valid in a previous version of the system but is no longer valid in the current version.
  
  Solution:
  
  
  Check Configuration:
  
  Navigate to the configuration settings for legal bases in the SAP system. This is usually found under the Treasury and Risk Management module.
  Ensure that the legal basis you are trying to use is defined and active in the system.
  
  
  
  Verify Input:
  
  Double-check the legal basis code entered in the transaction. Make sure it is spelled correctly and corresponds to an existing entry in the system.
  
  
  
  Create Missing Legal Basis:
  
  If the legal basis does not exist, you may need to create it. This typically involves defining the legal basis in the configuration settings, including any necessary details such as description, validity dates, and associated regulations.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to legal bases in treasury management to understand the requirements and setup process.
  
  
  
  Check for Updates:
  
  If you suspect that the issue is related to a versioning problem, check for any updates or patches from SAP that might address this issue.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to treasury management and legal bases.
  SAP Notes: Search for SAP Notes related to the error message FTR_TRADE_REP206 for any specific fixes or recommendations provided by SAP.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.