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

KLSI042 - Overview

• 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.

KLSI042 - Details

• 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