How To Fix T1228 - Product type & does not belong to OTC interest rate instruments

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 228

• Message text: Product type & does not belong to OTC interest rate instruments

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message T1228 - Product type & does not belong to OTC interest rate instruments ?

  The SAP error message T1228 indicates that the product type you are trying to use does not belong to the category of OTC (Over-the-Counter) interest rate instruments. This error typically arises in the context of financial transactions, particularly when dealing with derivatives or financial instruments in the SAP system.
  Cause:
  
  Incorrect Product Type: The product type specified in the transaction does not match the expected product types for OTC interest rate instruments.
  Configuration Issues: The system may not be configured correctly to recognize the product type as an OTC interest rate instrument.
  Data Entry Error: There may be a typographical error or incorrect selection in the transaction where the product type is specified.
  
  Solution:
  
  
  Verify Product Type: Check the product type you are using in the transaction. Ensure that it is indeed an OTC interest rate instrument. You can refer to the documentation or configuration settings to confirm the valid product types.
  
  
  Configuration Check: If you have access to the configuration settings, verify that the product type is correctly configured in the system. This may involve checking the settings in the Financial Services (FS) module or the relevant configuration area for financial instruments.
  
  
  Consult Documentation: Review the SAP documentation or help resources related to OTC interest rate instruments to ensure that you are using the correct product type.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide guidance based on your specific system configuration.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional context.
  Transaction Codes: Familiarize yourself with the transaction codes related to financial instruments in SAP, as they may provide insights into how to manage product types.
  User Roles and Permissions: Ensure that you have the necessary permissions to access and modify the product types in the system.
  
  By following these steps, you should be able to identify the cause of the T1228 error and implement a solution to resolve it.