How To Fix FVD_FACILITIES047 - Product type &1 entered for drawdown is not valid

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_FACILITIES - Message class for facilities

• Message number: 047

• Message text: Product type &1 entered for drawdown is not valid

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 FVD_FACILITIES047 - Product type &1 entered for drawdown is not valid ?

  The SAP error message FVD_FACILITIES047 indicates that the product type entered for a drawdown is not valid. This error typically occurs in the context of financial transactions, particularly in the area of loan management or facilities management within SAP.
  Cause:
  
  Invalid Product Type: The product type specified in the transaction does not exist or is not configured correctly in the system.
  Configuration Issues: The product type may not be assigned to the relevant business area or may not be set up for drawdown transactions.
  Data Entry Error: There may be a typographical error in the product type entered by the user.
  Authorization Issues: The user may not have the necessary permissions to access or use the specified product type.
  
  Solution:
  
  Check Product Type: Verify that the product type entered is correct. Cross-check it against the list of valid product types in the system.
  Configuration Review: Ensure that the product type is properly configured in the system. This includes checking:
  
  The product type is active.
  It is assigned to the correct business area.
  It is set up for drawdown transactions.
  
  
  Correct Data Entry: If there is a typographical error, correct it and try the transaction again.
  Consult with SAP Administrator: If you are unsure about the configuration or if the product type should be valid, consult with your SAP administrator or the team responsible for SAP configuration.
  Authorization Check: Ensure that you have the necessary permissions to use the product type. If not, contact your system administrator to obtain the required access.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FVD1 (Create Facility) or FVD2 (Change Facility) to manage facilities and product types.
  SAP Documentation: Refer to SAP Help documentation for detailed information on product types and their configuration.
  Support Notes: Check SAP Support Portal for any relevant notes or updates regarding this error message.
  Testing: After making changes, perform a test transaction to ensure that the issue is resolved.
  
  If the problem persists after following these steps, it may be necessary to escalate the issue to SAP support for further investigation.