How To Fix /PM0/ABS_MESSAGES049 - No contracts with premium obligation could be settled

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABS_MESSAGES -

• Message number: 049

• Message text: No contracts with premium obligation could be settled

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABS_MESSAGES049 - No contracts with premium obligation could be settled ?

  The SAP error message /PM0/ABS_MESSAGES049 indicates that there are no contracts with premium obligations that can be settled. This error typically arises in the context of Asset Accounting (FI-AA) or related modules where premium obligations are involved, such as insurance contracts or financial instruments.
  Cause:
  
  No Active Contracts: There may be no active contracts in the system that have premium obligations associated with them.
  Incorrect Selection Criteria: The selection criteria used for the settlement process may not match any existing contracts.
  Contract Status: The contracts may be in a status that does not allow for settlement (e.g., they may be closed or inactive).
  Missing Premium Obligations: The contracts may not have any premium obligations defined, or they may have been incorrectly configured.
  Data Entry Errors: There could be errors in the data entry for contracts, leading to the absence of premium obligations.
  
  Solution:
  
  Check Contract Status: Verify that the contracts you are trying to settle are active and have the correct status for settlement.
  Review Selection Criteria: Ensure that the selection criteria used in the settlement process are correct and that they match the contracts you expect to settle.
  Verify Premium Obligations: Check the contracts to confirm that they have premium obligations defined. If not, you may need to create or update the contracts accordingly.
  Consult Documentation: Review the relevant SAP documentation or configuration guides to ensure that the contracts are set up correctly.
  Run Reports: Use relevant reports in SAP to list contracts and their statuses to identify any discrepancies.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as ABT1N (for asset transactions) or ABAVN (for asset retirement) that may be involved in the settlement process.
  SAP Notes: Check for any SAP Notes related to this error message that may provide additional insights or patches.
  Configuration Settings: Review the configuration settings in the Asset Accounting module to ensure that premium obligations are set up correctly.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.