How To Fix ISSR3001 - No beneficiary (borrower) defined for securities account &1 in CoCode &2

SAP Error Message - Details

• Message type: E = Error

• Message class: ISSR3 - Master Data Functions II

• Message number: 001

• Message text: No beneficiary (borrower) defined for securities account &1 in CoCode &2

What causes this issue?

No beneficiary (borrower of securities) is defined for securities
account &V1& in company code &V2&.
This means that securities lending cannot be mapped correctly in
insurance statutory reporting.

System Response

The transaction cannot be saved.

How to fix this error?

Enter a beneficiary for securities account &V1& in company code &V2&.
<ZH>Note</>: The beneficiary must be identical to the borrower of
securities defined in the transaction.

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 ISSR3001 - No beneficiary (borrower) defined for securities account &1 in CoCode &2 ?

  The SAP error message ISSR3001 indicates that there is no beneficiary (borrower) defined for a specific securities account in a given company code. This error typically arises in the context of managing securities transactions, where a beneficiary is required for processing.
  Cause:
  
  Missing Beneficiary Definition: The securities account specified does not have a beneficiary (borrower) assigned to it in the system.
  Configuration Issues: The configuration settings for the securities account or the company code may not be set up correctly.
  Data Entry Errors: There may be a mistake in the account number or company code entered in the transaction.
  
  Solution:
  
  
  Define Beneficiary:
  
  Navigate to the relevant transaction in SAP where you can define or assign a beneficiary to the securities account.
  Ensure that the beneficiary (borrower) is correctly defined for the securities account in question.
  
  
  
  Check Configuration:
  
  Go to the configuration settings for securities accounts in the SAP system.
  Verify that the necessary settings for beneficiaries are correctly configured for the company code and securities account.
  
  
  
  Review Data Entry:
  
  Double-check the securities account number and company code entered in the transaction to ensure they are correct.
  If necessary, consult with your finance or accounting team to confirm the correct details.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific steps on how to define a beneficiary for securities accounts.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBA3 (for account assignment) or FSP0 (for account management) that may help in managing securities accounts.
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may resolve the issue.
  User Roles: Ensure that the user has the necessary permissions to make changes to securities accounts and beneficiaries.
  
  By following these steps, you should be able to resolve the ISSR3001 error and ensure that the securities account is properly configured with a beneficiary.