How To Fix FVKM012 - Corporate action for bonds with inst.repaymts (sec.ID&1) is not permitted

SAP Error Message - Details

• Message type: E = Error

• Message class: FVKM - Message Class for Corporate Actions

• Message number: 012

• Message text: Corporate action for bonds with inst.repaymts (sec.ID&1) is not permitted

What causes this issue?

You want to define a corporate action from category &V2&. However, only
a corporate action from category 05 (issue currency changeover) is
permitted for bonds with installment repayments (sec.ID: &V1& ).

System Response

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

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVKM012 - Corporate action for bonds with inst.repaymts (sec.ID&1) is not permitted ?

  The SAP error message FVKM012 indicates that there is an issue with processing a corporate action for bonds that have installment repayments. This error typically arises in the context of financial transactions involving bonds, particularly when trying to execute a corporate action that is not allowed for bonds with installment repayments.
  Cause:
  
  Corporate Action Restrictions: The specific corporate action you are trying to execute may not be permitted for bonds that have installment repayments. This could be due to the nature of the corporate action itself, which may not be applicable to bonds with such repayment structures.
  Configuration Issues: There may be configuration settings in the SAP system that restrict certain corporate actions for specific types of securities, including bonds with installment repayments.
  Data Integrity Issues: There could be issues with the data related to the bond or the corporate action, such as incorrect security identifiers or missing information.
  
  Solution:
  
  Review Corporate Action Type: Check the type of corporate action you are trying to execute. Ensure that it is applicable to the bond in question. If it is not, you may need to select a different corporate action that is allowed.
  Check Configuration Settings: Review the configuration settings in the SAP system related to corporate actions for bonds. This may involve checking the customizing settings in the Financial Services (FS) module to ensure that the corporate action is allowed for the specific bond type.
  Data Validation: Validate the data associated with the bond and the corporate action. Ensure that all required fields are filled out correctly and that the bond is set up properly in the system.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on corporate actions and bonds with installment repayments. This may provide insights into any restrictions or requirements.
  Contact Support: If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance. They may be able to provide more detailed troubleshooting based on your specific configuration and setup.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide updates related to corporate actions and bonds.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to corporate actions, such as transaction codes for processing corporate actions or managing securities.
  User Forums: Engage with SAP user forums or communities where similar issues may have been discussed. Other users may have encountered the same error and can share their solutions.
  
  By following these steps, you should be able to identify the cause of the FVKM012 error and implement a suitable solution.