How To Fix T1002 - Financial product &1 with no. &2 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 002

• Message text: Financial product &1 with no. &2 does not exist

What causes this issue?

The financial product with the number selected by you does not exist in
the table.

System Response

The system cannot edit since the object does not exist.

How to fix this error?

Select a financial product that does exist (use the input help for a
list of possible entries) or choose <LS>Create </>from the menu.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T1002 - Financial product &1 with no. &2 does not exist ?

  The SAP error message T1002, which states "Financial product &1 with no. &2 does not exist," typically occurs in the context of financial product management within SAP systems, particularly in modules related to financial services or treasury management. This error indicates that the system is unable to find a financial product that is referenced in a transaction or process.
  Cause:
  
  
  Non-Existent Financial Product: The financial product with the specified number does not exist in the system. This could be due to:
  
  The product was never created.
  The product was deleted or archived.
  A typo in the product number when entering it.
  
  
  
  Incorrect Configuration: The configuration settings for financial products may not be set up correctly, leading to the system not recognizing the product.
  
  
  Authorization Issues: The user may not have the necessary permissions to view or access the financial product.
  
  
  Data Migration Issues: If data was migrated from another system, there may have been issues during the migration process that resulted in missing or incorrect product entries.
  
  
  Solution:
  
  
  Verify Product Existence: Check if the financial product with the specified number exists in the system. You can do this by:
  
  Navigating to the relevant transaction or table (e.g., using transaction codes like FSP0, FSP1, or FSP2 for financial products).
  Searching for the product number in the appropriate database table.
  
  
  
  Create or Restore Product: If the product does not exist:
  
  Create a new financial product if it is required.
  If it was deleted, check if it can be restored or if there is a backup.
  
  
  
  Check Configuration: Review the configuration settings for financial products to ensure they are set up correctly. This may involve checking the customizing settings in the SAP system.
  
  
  User Authorization: Ensure that the user has the necessary authorizations to access the financial product. This may involve checking roles and permissions in the user profile.
  
  
  Data Migration Review: If the error occurred after a data migration, review the migration process to ensure that all necessary data was transferred correctly.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for managing financial products, such as FSP0 (Create), FSP1 (Change), and FSP2 (Display).
  SAP Notes: Check SAP Notes for any known issues or patches related to financial products that may address this error.
  Documentation: Refer to SAP documentation for financial product management to understand the requirements and processes involved in creating and managing financial products.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.