How To Fix FVD_BO070 - Contract statis &1 not defined for product type &2 in company code &3

FVD_BO070 - Overview

• Message type: E = Error

• Message class: FVD_BO - General Messages for Business Operations

• Message number: 070

• Message text: Contract statis &1 not defined for product type &2 in company code &3

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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

FVD_BO070 - Details

• The SAP error message FVD_BO070 indicates that there is an issue with the contract status for a specific product type in a given company code. This error typically arises in the context of contract management or financial services within SAP, particularly when dealing with financial products.
  
  Cause:
  The error message is triggered when the system cannot find a defined contract status for the specified product type in the specified company code. This can occur due to several reasons:
  
  Missing Configuration: The contract status for the specified product type has not been configured in the system.
  Incorrect Product Type: The product type being referenced may not be valid or may not have been set up correctly in the system.
  Company Code Issues: The company code specified may not have the necessary configurations or may not be linked to the product type.
  Data Entry Errors: There may be a typo or incorrect entry in the transaction that is