How To Fix FVKM023 - Corporate action of category "&1" not allowed for product category "&2"

SAP Error Message - Details

• Message type: E = Error

• Message class: FVKM - Message Class for Corporate Actions

• Message number: 023

• Message text: Corporate action of category "&1" not allowed for product category "&2"

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVKM023 - Corporate action of category "&1" not allowed for product category "&2" ?

  The SAP error message FVKM023 indicates that a corporate action of a specific category is not allowed for a particular product category. This error typically arises in the context of financial transactions, particularly when dealing with securities or investment products in SAP's Financial Services module.
  Cause:
  
  Incompatible Corporate Action and Product Category: The corporate action you are trying to process (e.g., dividend payment, stock split, etc.) is not permitted for the specified product category. This could be due to business rules or configurations that restrict certain actions based on the type of financial instrument.
  Configuration Issues: The system may not be configured correctly to allow the specified corporate action for the product category in question. This could be due to missing settings in the customizing (SPRO) or incorrect mappings.
  Data Entry Errors: There may be a mistake in the data entry, such as selecting the wrong corporate action type or product category.
  
  Solution:
  
  
  Check Configuration: Review the configuration settings in SAP for corporate actions and product categories. Ensure that the corporate action you are trying to execute is allowed for the specified product category. This can typically be done in the customizing settings under Financial Services.
  
  Navigate to SPRO > Financial Services > Securities > Corporate Actions > Define Corporate Action Types.
  Ensure that the corporate action type is correctly linked to the product category.
  
  
  
  Review Corporate Action Types: Verify that the corporate action type you are trying to use is valid for the product category. You may need to consult with your financial services team or SAP functional consultant to understand the business rules governing these actions.
  
  
  Correct Data Entry: Double-check the entries you made when attempting to process the corporate action. Ensure that you have selected the correct product category and corporate action type.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for more detailed information on the specific corporate action and product category you are working with.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal SAP helpdesk for further assistance.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in troubleshooting or processing corporate actions, such as:
  
  FTR_CREATE: For creating financial transactions.
  FTR_EDIT: For editing financial transactions.
  
  
  User Roles and Authorizations: Ensure that the user attempting to perform the action has the necessary authorizations to execute corporate actions for the specified product category.
  
  By following these steps, you should be able to identify the cause of the FVKM023 error and implement a solution.