How To Fix FTR_TRU1021 - Product type &1 does not exist, choose an existing one

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TRU1 - FS_TRM Utiliity Message Class

• Message number: 021

• Message text: Product type &1 does not exist, choose an existing one

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_TRU1021 - Product type &1 does not exist, choose an existing one ?

  The SAP error message FTR_TRU1021 indicates that the product type specified in a transaction does not exist in the system. This error typically occurs in the context of financial transactions, particularly in the area of Treasury and Risk Management (TRM) when dealing with financial instruments.
  Cause:
  
  Non-Existent Product Type: The product type you are trying to use has not been defined in the system.
  Incorrect Configuration: The product type may have been deleted or not properly configured in the system.
  Typographical Error: There may be a typo in the product type code you are entering.
  Authorization Issues: The user may not have the necessary authorizations to view or use the specified product type.
  
  Solution:
  
  
  Check Product Type Configuration:
  
  Go to the configuration settings in SAP and verify if the product type exists. You can do this by navigating to the relevant customizing transaction (e.g., SPRO) and checking under the Treasury and Risk Management settings.
  If the product type does not exist, you may need to create it or consult with your SAP administrator to ensure it is set up correctly.
  
  
  
  Verify Input:
  
  Double-check the product type code you are entering for any typographical errors. Ensure that you are using the correct code as defined in the system.
  
  
  
  Consult Documentation:
  
  Review any documentation or guidelines provided by your organization regarding the use of product types in SAP. This may provide insights into the correct codes to use.
  
  
  
  User Authorizations:
  
  Ensure that you have the necessary authorizations to access and use the product type. If you suspect authorization issues, contact your SAP security team.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error message.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any updates or patches related to this error message. SAP frequently releases notes that address specific issues or provide guidance on configuration.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to Treasury and Risk Management, such as:
  
  FTR_CREATE: Create financial transaction
  FTR_EDIT: Edit financial transaction
  
  
  Training and Documentation: Consider undergoing training or reviewing documentation related to Treasury and Risk Management in SAP to better understand product types and their configurations.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution.