How To Fix T1120 - No contract condition type is assigned to the transaction type

T1120 - Overview

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 120

• Message text: No contract condition type is assigned to the transaction type

What causes this issue?

During customizing, no condition type for the repayment was allocated
to the transaction type.

How to fix this error?

Contact your customizing administrator.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T1120 - No contract condition type is assigned to the transaction type ?

  The SAP error message T1120, "No contract condition type is assigned to the transaction type," typically occurs in the context of contract management or pricing procedures within SAP. This error indicates that the system cannot find a valid condition type for the specified transaction type, which is necessary for processing contracts or pricing.
  
  Cause:
  
  Missing Configuration: The most common cause is that the condition type has not been assigned to the relevant transaction type in the configuration settings.
  Incorrect Transaction Type: The transaction type being used may not be correctly set up to handle the specific contract or pricing conditions.
  Custom Development: If there are custom developments or modifications in the system, they may not have been properly configured to include the necessary condition types.
  Data Inconsistencies: There may be inconsistencies in the master data or transaction data that lead to this error.
  
  
  Solution:
  To resolve the T1120 error, follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing