How To Fix FVD_OUT_COLL002 - Collateral management system is not defined in Customizing

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_OUT_COLL - Messages for Collateral Outbount Layer

• Message number: 002

• Message text: Collateral management system is not defined in Customizing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_OUT_COLL002 - Collateral management system is not defined in Customizing ?

  The SAP error message FVD_OUT_COLL002 indicates that the Collateral Management System (CMS) is not defined in the system's Customizing settings. This error typically arises when you are trying to execute a transaction or process that requires the collateral management functionality, but the necessary configuration has not been completed.
  Cause:
  The primary cause of this error is that the system does not have the required settings for the Collateral Management System configured in the Customizing (SPRO) settings. This can happen if:
  
  The CMS has not been activated in the system.
  The necessary configuration steps for collateral management have not been completed.
  The relevant organizational units or parameters have not been defined.
  
  Solution:
  To resolve the error, you need to ensure that the Collateral Management System is properly configured in your SAP system. Here are the steps you can take:
  
  
  Access Customizing (SPRO):
  
  Go to the SAP Easy Access screen and enter transaction code SPRO.
  Click on "SAP Reference IMG" to access the Implementation Guide.
  
  
  
  Define Collateral Management:
  
  Navigate to the relevant section for Collateral Management. This is usually found under:
  
  Financial Services -> Collateral Management -> Basic Settings.
  
  
  Ensure that the Collateral Management System is defined and activated.
  
  
  
  Check Configuration:
  
  Verify that all necessary configuration steps have been completed. This may include defining:
  
  Collateral types
  Valuation methods
  Risk categories
  Organizational units related to collateral management
  
  
  
  
  
  Assign Organizational Units:
  
  Make sure that the relevant organizational units (like company codes, business areas, etc.) are assigned to the collateral management settings.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction or process that was previously causing the error to ensure that it now works correctly.
  
  
  
  Consult Documentation:
  
  If you are unsure about the specific settings required, refer to SAP documentation or consult with your SAP functional consultant for guidance on the necessary configuration for your specific business requirements.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional information or updates related to this error message.
  SAP Community: Engage with the SAP Community forums for insights from other users who may have encountered and resolved similar issues.
  Training and Documentation: Consider reviewing training materials or documentation related to SAP Collateral Management for a deeper understanding of the configuration and functionality.
  
  By following these steps, you should be able to resolve the FVD_OUT_COLL002 error and successfully configure the Collateral Management System in your SAP environment.