How To Fix KLSI042 - A current collateral with priority &2 was already assigned to object &1

SAP Error Message - Details

• Message type: E = Error

• Message class: KLSI - Error Message for Management of Collateral Provision

• Message number: 042

• Message text: A current collateral with priority &2 was already assigned to object &1

What causes this issue?

If a transaction has more than one provision of collateral, these have
to have different priorities.

System Response

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

How to fix this error?

Change the priority of the collateral provision to fulfill this
condition.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KLSI042 - A current collateral with priority &2 was already assigned to object &1 ?

  The SAP error message KLSI042 indicates that there is an issue with the assignment of collateral in the SAP system. Specifically, it means that a current collateral with a certain priority has already been assigned to the specified object. This can occur in the context of financial transactions, particularly in modules related to treasury and risk management.
  Cause:
  The error typically arises due to one of the following reasons:
  
  Duplicate Assignment: The same collateral is being assigned to the same object with the same priority level, which is not allowed.
  Incorrect Priority Level: The system is trying to assign a collateral with a priority that is already in use for that object.
  Data Integrity Issues: There may be inconsistencies in the data or configuration settings that lead to this error.
  
  Solution:
  To resolve the KLSI042 error, you can take the following steps:
  
  
  Check Existing Collateral Assignments:
  
  Review the collateral assignments for the specified object (&1) to see if the collateral with the specified priority (&2) is already assigned.
  Use transaction codes like KLS1 or KLS2 to view collateral details.
  
  
  
  Modify or Remove Duplicate Assignments:
  
  If you find that the collateral is indeed already assigned, you may need to either modify the existing assignment or remove it before attempting to assign it again.
  Ensure that you are not trying to assign the same collateral with the same priority to the same object.
  
  
  
  Adjust Priority Levels:
  
  If you need to assign a new collateral, consider using a different priority level that is not currently in use for that object.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to collateral management for additional insights on how to manage collateral assignments effectively.
  
  
  
  Contact SAP Support:
  
  If the issue persists and you cannot identify the cause, consider reaching out to SAP support for further assistance. They may provide insights based on system logs or specific configurations.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for collateral management, such as KLS1 (Display Collateral) and KLS2 (Change Collateral).
  SAP Notes: Check for any SAP Notes related to collateral management that might address known issues or provide patches.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to collateral assignments, as restrictions may lead to errors.
  
  By following these steps, you should be able to resolve the KLSI042 error and successfully manage collateral assignments in your SAP system.