How To Fix LM264 - No basic Customizing settings maintained for limit management

SAP Error Message - Details

• Message type: E = Error

• Message class: LM - Treasury: Limit Management

• Message number: 264

• Message text: No basic Customizing settings maintained for limit management

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message LM264 - No basic Customizing settings maintained for limit management ?

  The SAP error message LM264 "No basic Customizing settings maintained for limit management" typically occurs in the context of SAP's limit management functionality, which is part of the Financial Supply Chain Management (FSCM) module. This error indicates that the necessary configuration settings for limit management have not been set up in the system.
  Cause:
  The error is usually caused by one or more of the following reasons:
  
  Missing Configuration: The basic customizing settings for limit management have not been maintained in the system. This includes settings related to credit limits, risk categories, and other parameters necessary for limit management.
  Incorrect Settings: The settings that have been maintained may be incorrect or incomplete, leading to the system being unable to process limit management requests.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to access the limit management settings or functionalities.
  
  Solution:
  To resolve the LM264 error, you can follow these steps:
  
  
  Check Customizing Settings:
  
  Go to the SAP Customizing Implementation Guide (IMG) by using transaction code SPRO.
  Navigate to the following path: 
  Financial Supply Chain Management -> Credit Management -> Basic Settings
  
  Ensure that all necessary settings for limit management are maintained, including:
  
  Credit Control Area
  Risk Categories
  Credit Limits
  Other relevant parameters
  
  
  
  
  
  Maintain Credit Control Area:
  
  Ensure that the credit control area is properly defined and linked to the relevant company codes.
  
  
  
  Review Risk Categories:
  
  Check if the risk categories are defined and assigned correctly. Each customer should have a risk category assigned to them.
  
  
  
  Check User Authorizations:
  
  Ensure that the user encountering the error has the necessary authorizations to access and maintain limit management settings.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed guidance on configuring limit management.
  
  
  
  Testing:
  
  After making the necessary changes, test the limit management functionality to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB45 (to maintain credit control area) and FD32 (to maintain customer credit management).
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error.
  Support: If the issue persists after checking the configuration, consider reaching out to SAP support or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the LM264 error and ensure that limit management is properly configured in your SAP system.