How To Fix FVD_COLL_AL001 - You cannot enter the required collateral objects in create mode

FVD_COLL_AL001 - Overview

• Message type: E = Error

• Message class: FVD_COLL_AL - Messages Collateral Application Integration

• Message number: 001

• Message text: You cannot enter the required collateral objects in create mode

What causes this issue?

You are in create mode and would like to assign the required collateral
to a loan. This is not possible in create mode.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Save the installment loan and call it up for processing. Assign the
necessary collateral types.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FVD_COLL_AL001 - Details

• The SAP error message FVD_COLL_AL001 indicates that you cannot enter the required collateral objects in create mode. This error typically occurs in the context of collateral management within SAP, particularly when dealing with financial transactions that require collateral to be defined.
  
  Cause:
  The error can be caused by several factors, including:
  
  Missing Configuration: The collateral management configuration may not be set up correctly in the system.
  Authorization Issues: The user may not have the necessary authorizations to create or modify collateral objects.
  Data Inconsistencies: There may be inconsistencies or missing data in the collateral object or related master data.
  Incorrect Transaction Mode: The system may be in a mode that does not allow the creation of new collateral objects (e.g., it might be in display mode instead of edit mode).
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Ensure that the collateral management settings are correctly configured in the system. This includes checking the relevant