How To Fix FVD_PL063 - Company code &1, product type &2: No default values assigned

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_PL - Messages related to enhanced policy management integration

• Message number: 063

• Message text: Company code &1, product type &2: No default values assigned

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_PL063 - Company code &1, product type &2: No default values assigned ?

  The SAP error message FVD_PL063 indicates that there are no default values assigned for a specific company code and product type in the context of financial services or product management. This error typically arises in the SAP system when trying to process transactions or create records that require default settings for certain parameters.
  Cause:
  The error can occur due to several reasons:
  
  Missing Configuration: The default values for the specified company code and product type have not been configured in the system.
  Data Inconsistency: There may be inconsistencies in the master data or configuration settings that prevent the system from retrieving the necessary default values.
  Incorrect Product Type: The product type being used may not be correctly set up or may not exist in the system for the specified company code.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Navigate to the relevant configuration settings in the SAP system (usually found in the SPRO transaction).
  Ensure that default values for the specified company code and product type are properly defined. This may involve checking settings related to financial products, pricing, or other relevant areas.
  
  
  
  Maintain Default Values:
  
  If default values are missing, you will need to create or maintain them. This can typically be done in the configuration menu under the relevant module (e.g., Financial Services, Product Management).
  Look for sections related to product types and ensure that all necessary fields are filled out.
  
  
  
  Review Master Data:
  
  Check the master data for the product type and company code to ensure that all required information is present and correct.
  If there are discrepancies, update the master data accordingly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the configuration of default values for your version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction or process again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (Customizing), SE11 (Data Dictionary), or SE16 (Data Browser) to help you navigate the system.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide additional insights or solutions.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the relevant area of SAP.