How To Fix FWTR062 - Update types are not defined for the underlying's position change

SAP Error Message - Details

• Message type: E = Error

• Message class: FWTR - Securities Transaction Management

• Message number: 062

• Message text: Update types are not defined for the underlying's position change

What causes this issue?

In the case of product type &V1& and transaction type &V2&, the update
type for updating the position change in the underlying is not defined
correctly in Customizing.

System Response

The function cannot be executed.

How to fix this error?

In Customizing, check if an update type for the position change in the
underlying is defined in the cases of product type &V1& and transaction
type &V2&.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FWTR062 - Update types are not defined for the underlying's position change ?

  The SAP error message FWTR062 indicates that update types are not defined for the underlying position change. This error typically occurs in the context of financial transactions, particularly in the area of treasury and risk management, where position management is involved.
  Cause:
  The error is usually caused by one of the following reasons:
  
  
  Missing Configuration: The update types for the specific position change have not been defined in the system. This can happen if the configuration settings for the relevant financial instruments or transactions are incomplete.
  
  
  Incorrect Transaction Type: The transaction type being used may not have the necessary update types assigned to it, leading to this error when trying to process a position change.
  
  
  Data Inconsistency: There may be inconsistencies in the data related to the financial instruments or the positions being managed, which can lead to the system not being able to find the appropriate update types.
  
  
  Solution:
  To resolve the FWTR062 error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings in the SAP system (usually in the SPRO transaction).
  Navigate to the relevant area for treasury and risk management.
  Ensure that the update types for the position changes are defined correctly. This may involve checking the settings for the specific financial instruments or transaction types involved.
  
  
  
  Define Update Types:
  
  If the update types are missing, you will need to define them. This typically involves specifying the update types in the configuration for the relevant transaction types or financial instruments.
  
  
  
  Review Transaction Types:
  
  Verify that the transaction type you are using is correctly set up and has the necessary update types assigned. You may need to consult with your SAP functional team or refer to documentation for the specific transaction type.
  
  
  
  Data Validation:
  
  Check the data related to the positions and transactions to ensure there are no inconsistencies. This may involve reviewing the master data for the financial instruments or the transaction records.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to the specific module you are working with. There may be specific instructions or known issues related to the error message.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and data, consider reaching out to SAP support for further assistance. They may provide additional insights or patches if this is a known issue.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO for configuration, FWB1 for managing financial transactions, and others related to treasury management.
  SAP Notes: Search for SAP Notes related to FWTR062 for any specific fixes or recommendations provided by SAP.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the root cause of the FWTR062 error and implement the necessary changes to resolve it.