How To Fix POFO053 - Position relevance determination type &1 (Portfolio) not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: POFO - Portfolio Management

• Message number: 053

• Message text: Position relevance determination type &1 (Portfolio) not defined

Self-Explanatory Message

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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 POFO053 - Position relevance determination type &1 (Portfolio) not defined ?

  The SAP error message POFO053 indicates that there is an issue with the position relevance determination type for a portfolio in the SAP system. This error typically arises when the system is unable to find a defined relevance determination type for a specific portfolio, which is necessary for processing certain transactions or reports related to that portfolio.
  Cause:
  
  Missing Configuration: The most common cause of this error is that the position relevance determination type has not been defined in the system for the specified portfolio.
  Incorrect Settings: There may be incorrect or incomplete settings in the configuration related to the portfolio management module.
  Data Inconsistency: There could be inconsistencies in the data that link the portfolio to its relevance determination type.
  
  Solution:
  To resolve the POFO053 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG) and navigate to the relevant section for Portfolio Management.
  Look for the configuration settings related to "Position Relevance Determination" and ensure that the determination type for the specific portfolio is defined.
  
  
  
  Define Position Relevance Determination Type:
  
  If the determination type is missing, you will need to create it. This typically involves:
  
  Defining the determination type in the system.
  Assigning the appropriate characteristics and rules that govern how positions are determined for that portfolio.
  
  
  
  
  
  Review Portfolio Settings:
  
  Check the settings for the specific portfolio in question. Ensure that it is correctly linked to the defined position relevance determination type.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the configuration by attempting to execute the transaction or report that previously generated the error.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed steps on configuring position relevance determination types.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the configuration, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO for configuration, and any specific transaction codes related to portfolio management.
  SAP Notes: Check for any SAP Notes that might address known issues or provide additional guidance on this error.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to resolve the POFO053 error and ensure that your portfolio management processes function correctly.