How To Fix K-710 - Collateral valuation procedure &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: K- -

• Message number: 710

• Message text: Collateral valuation procedure &1 does not exist

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message K-710 - Collateral valuation procedure &1 does not exist ?

  The SAP error message K-710, which states "Collateral valuation procedure &1 does not exist," typically occurs in the context of SAP's Financial Services or Treasury modules, particularly when dealing with collateral management. This error indicates that the system is unable to find a specified collateral valuation procedure that is required for processing.
  Cause:
  
  Missing Configuration: The collateral valuation procedure specified in the transaction or configuration does not exist in the system. This could be due to a misconfiguration or an oversight during the setup of collateral management.
  Incorrect Procedure Name: The name of the collateral valuation procedure may have been entered incorrectly in the relevant transaction or configuration settings.
  Transport Issues: If the configuration was recently transported from another system (e.g., from a development to a production environment), the transport may not have included the necessary collateral valuation procedure.
  Authorization Issues: In some cases, the user may not have the necessary authorizations to access the collateral valuation procedures.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for collateral management in SAP (usually found in the SPRO transaction).
  Navigate to the section where collateral valuation procedures are defined and verify if the procedure with the specified name exists.
  If it does not exist, you may need to create a new collateral valuation procedure or correct the existing one.
  
  
  
  Correct Procedure Name:
  
  Ensure that the name of the collateral valuation procedure is correctly entered in the relevant transaction or configuration settings.
  Double-check for any typographical errors.
  
  
  
  Transport Check:
  
  If the issue arose after a transport, check the transport logs to ensure that the collateral valuation procedure was included in the transport request.
  If it was not included, you may need to transport it again or manually create it in the target system.
  
  
  
  Authorization Check:
  
  Verify that the user encountering the error has the necessary authorizations to access and use the collateral valuation procedures.
  If not, work with your SAP security team to grant the required permissions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on setting up and managing collateral valuation procedures.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (for configuration), and any specific transaction codes related to collateral management.
  SAP Notes: Check SAP Notes for any known issues or patches related to collateral valuation procedures.
  Support: If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  By following these steps, you should be able to identify the cause of the K-710 error and implement a solution to resolve it.