How To Fix FVD_FICO206 - Product type &1 for the product &2 has not been defined

FVD_FICO206 - Overview

• Message type: E = Error

• Message class: FVD_FICO - Messages for Financial Conditions

• Message number: 206

• Message text: Product type &1 for the product &2 has not been defined

What causes this issue?

The product you have selected refers to a product type that is not
contained in the database table TZPA. This is due to inconsistencies in
the Customizing settings.

System Response

The system cannot execute the function selected.

How to fix this error?

Note the following details:
the transaction
the data entered that lead to this error
Report these details to your system administrator.

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

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FVD_FICO206 - Details

• The SAP error message FVD_FICO206 indicates that a specific product type for a product has not been defined in the system. This error typically arises in the context of financial services or product management within SAP, particularly when dealing with financial products in the SAP Financial Services (FVD) module.
  
  Cause:
  The error occurs when:
  
  A product type is referenced in a transaction or configuration that does not exist in the system.
  The product type has not been properly configured or defined in the system.
  There may be a mismatch between the product type and the product being processed.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Product Type Configuration:
  
  Navigate to the configuration settings for product types in the SAP system.
  Ensure that the product type referenced in the error message is defined and configured correctly.
  
  
  
  Define Missing Product Type:
  
  If the product type does not exist, you will need to create it. This can typically be done