How To Fix FVKM013 - Corporate action on lent positions not allowed SecID:&2, SecA:&3, CoCd:&1

SAP Error Message - Details

• Message type: E = Error

• Message class: FVKM - Message Class for Corporate Actions

• Message number: 013

• Message text: Corporate action on lent positions not allowed SecID:&2, SecA:&3, CoCd:&1

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.

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• What is the cause and solution for SAP error message FVKM013 - Corporate action on lent positions not allowed SecID:&2, SecA:&3, CoCd:&1 ?

  The SAP error message FVKM013 indicates that a corporate action is being attempted on lent positions, which is not allowed in the system. This error typically arises in the context of securities and financial transactions where certain actions (like dividends, stock splits, etc.) cannot be processed for securities that are currently lent out.
  Cause:
  
  Lent Positions: The security in question is currently lent out, meaning it is not available for corporate actions.
  Configuration Settings: The system may be configured to prevent corporate actions on lent securities to avoid complications in tracking ownership and entitlements.
  Transaction Type: The type of corporate action being attempted may not be supported for lent positions.
  
  Solution:
  
  Check Security Status: Verify the status of the security to confirm whether it is indeed lent out. If it is, you may need to wait until the security is returned before processing the corporate action.
  Adjust Configuration: If your business process allows for corporate actions on lent positions, you may need to adjust the configuration settings in SAP. This should be done with caution and typically requires the involvement of a system administrator or SAP consultant.
  Manual Processing: If the corporate action must be processed, consider handling it manually outside of the SAP system for the lent positions, if permissible.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific guidelines on handling corporate actions for lent securities.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide updates on handling corporate actions.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with securities and corporate actions, such as:
  
  FTR_CREATE: For creating financial transactions.
  FTR_EDIT: For editing financial transactions.
  
  
  User Roles: Ensure that the user attempting the action has the appropriate permissions to process corporate actions.
  
  Best Practices:
  
  Documentation: Maintain clear documentation of lent securities and their status to avoid confusion during corporate actions.
  Communication: Ensure that all stakeholders are aware of the implications of lending securities, especially regarding corporate actions.
  Regular Audits: Conduct regular audits of lent positions to ensure compliance with corporate action policies.
  
  If the issue persists after following these steps, it may be beneficial to reach out to SAP support for further assistance.