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

FWTR062 - Overview

• 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.

FWTR062 - Details

• 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