How To Fix K-060 - The evaluation type for determining counterparty risk is missing

SAP Error Message - Details

• Message type: E = Error

• Message class: K- -

• Message number: 060

• Message text: The evaluation type for determining counterparty risk is missing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message K-060 - The evaluation type for determining counterparty risk is missing ?

  The SAP error message K-060, which states "The evaluation type for determining counterparty risk is missing," typically occurs in the context of financial transactions or risk management within the SAP system. This error indicates that the system is unable to find the necessary evaluation type that is required to assess counterparty risk for a particular transaction or process.
  Cause:
  
  Missing Configuration: The evaluation type for counterparty risk may not be configured in the system. This could be due to a missing entry in the relevant customizing settings.
  Incorrect Master Data: The master data for the counterparty (such as vendor or customer) may not have the necessary information or settings related to risk evaluation.
  Transaction Type: The specific transaction type being processed may not be linked to a valid evaluation type in the system.
  Authorization Issues: There may be authorization issues preventing the system from accessing the necessary evaluation type.
  
  Solution:
  
  
  Check Configuration:
  
  Navigate to the relevant customizing settings in SAP (usually found in the SPRO transaction).
  Ensure that the evaluation types for counterparty risk are properly defined and assigned to the relevant transaction types.
  Look for settings under Financial Accounting (FI) or Risk Management (if applicable).
  
  
  
  Review Master Data:
  
  Check the master data of the counterparty involved in the transaction. Ensure that all necessary fields related to risk evaluation are filled out correctly.
  Verify that the counterparty is assigned to the correct risk category.
  
  
  
  Transaction Type Validation:
  
  Ensure that the transaction type you are working with is correctly linked to an evaluation type. This may involve checking the configuration for the specific transaction.
  
  
  
  Authorization Check:
  
  Verify that the user executing the transaction has the necessary authorizations to access the evaluation types and perform the required actions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring counterparty risk evaluation types.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (Customizing), SE11 (Data Dictionary), and SE16 (Data Browser) to check configurations and master data.
  SAP Notes: Search for SAP Notes related to error K-060 in the SAP Support Portal, as there may be specific patches or updates that address this issue.
  Risk Management Module: If your organization uses the SAP Risk Management module, ensure that it is properly configured and integrated with other financial modules.
  
  By following these steps, you should be able to identify and resolve the cause of the K-060 error in your SAP system.