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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_COLL_AL001 - You cannot enter the required collateral objects in create mode ?

  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 customizing settings in transaction SPRO.
  
  
  
  Verify Authorizations:
  
  Check the user roles and authorizations to ensure that the user has the necessary permissions to create collateral objects. You can use transaction SU53 to analyze authorization issues.
  
  
  
  Review Data:
  
  Verify that all required data for the collateral object is present and correct. This includes checking related master data such as business partners, financial instruments, and other relevant entities.
  
  
  
  Transaction Mode:
  
  Ensure that you are in the correct transaction mode. If you are trying to create a new collateral object, make sure you are in the create mode and not in display mode.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details related to collateral management and the error message.
  
  
  
  Check for Notes and Patches:
  
  Look for any SAP Notes or patches that may address this specific error. Sometimes, issues are resolved in later versions or through specific notes provided by SAP.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes related to collateral management, such as:
  
  FVD_COLL: Collateral Management
  FVD_COLL_CREATE: Create Collateral Object
  
  
  SAP Community: Engage with the SAP Community forums for insights from other users who may have encountered similar issues.
  SAP Support: If the issue persists, consider reaching out to SAP Support for further assistance.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.