How To Fix FVKM001 - No update types are maintained for the corporate actions

SAP Error Message - Details

• Message type: E = Error

• Message class: FVKM - Message Class for Corporate Actions

• Message number: 001

• Message text: No update types are maintained for the corporate actions

What causes this issue?

No update types were assigned to the corporate actions.

System Response

The corporate action cannot be posted.

How to fix this error?

In the Customizing settings for securities, assign update types to the
corporate actions. To do so, choose <LS>Position Management ->
Corporate Actions -> Update Types -> <DS:SIMG.TKMV_FT_ASSGN>Assign
Update Types to the Corporate Action Categories</></>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVKM001 - No update types are maintained for the corporate actions ?

  The SAP error message FVKM001 ("No update types are maintained for the corporate actions") typically occurs in the context of financial accounting and asset management when the system is unable to process corporate actions due to missing configuration settings. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Missing Configuration: The error indicates that there are no update types defined for the corporate actions in the system. Update types are necessary for the system to know how to handle different types of corporate actions (e.g., stock splits, dividends, mergers).
  Incorrect Settings: The settings for corporate actions may not have been properly maintained in the system, leading to this error when trying to process transactions related to corporate actions.
  
  Solution:
  To resolve the FVKM001 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG) by using transaction code SPRO.
  Navigate to Financial Accounting (New) > Asset Accounting > Corporate Actions > Define Update Types.
  Ensure that the necessary update types for corporate actions are defined. If they are missing, you will need to create them.
  
  
  
  Maintain Update Types:
  
  If you find that update types are not maintained, you can create new ones based on your business requirements. Make sure to specify the correct parameters for each update type.
  
  
  
  Assign Update Types:
  
  After defining the update types, ensure that they are assigned to the relevant corporate actions. This can usually be done in the same configuration area.
  
  
  
  Testing:
  
  After making the necessary changes, test the process that was causing the error to ensure that it has been resolved.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for more detailed instructions on how to configure corporate actions and update types.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OAA3 (for defining update types) and OAA4 (for assigning update types).
  SAP Notes: Check for any SAP Notes related to corporate actions and update types that may provide additional guidance or fixes.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  Testing Environment: If possible, make changes in a development or testing environment before applying them to the production system to avoid disruptions.
  
  By following these steps, you should be able to resolve the FVKM001 error and ensure that your SAP system can properly handle corporate actions.