How To Fix FVD_ESCROW007 - No account opening reasons defined in Customizing

FVD_ESCROW007 - Overview

• Message type: E = Error

• Message class: FVD_ESCROW - Message Class ESCROW

• Message number: 007

• Message text: No account opening reasons defined in Customizing

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

What causes this issue?

No reasons for opening an account have been defined in Customizing.

System Response

How to fix this error?

Contact your system administrator.

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_ESCROW007 - No account opening reasons defined in Customizing ?

  The SAP error message FVD_ESCROW007 indicates that there are no account opening reasons defined in the system's Customizing settings. This error typically occurs in the context of financial services or banking modules, particularly when dealing with escrow accounts or similar financial products.
  
  Cause:
  The error arises when a user attempts to create or open an account (such as an escrow account) without having defined the necessary account opening reasons in the system's configuration. The account opening reason is a critical piece of information that helps categorize the purpose of the account being opened.
  
  Solution:
  To resolve this error, you need to define the account opening reasons in the Customizing settings of your SAP system. Here are the steps to do this:
  
  
  Access Customizing:
  
  Go to the SAP Easy Access screen.
  Enter the transaction code SPRO to access the SAP Reference IMG (Implementation Guide).
  
  
  
  Navigate to the Relevant Section:
  
  Follow the path: Financial Services -> Banking -> Account Management ->