How To Fix T1316 - No price found for DCS &1, MIC &2, time to mat. &3, pr. type &4

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 316

• Message text: No price found for DCS &1, MIC &2, time to mat. &3, pr. type &4

What causes this issue?

No price can be found for the selection data entered.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Navigate to transaction
<DS:TRAN.FDCS17>Enter Commodity Prices Based on DCS</> and check
whether a price is specified for the entered combination of MIC, DCS,
price type, and time to maturity. The price type must be identical with
the forward date of the financial transaction.
Note: The key date is <ZH>not</> relevant for this selection.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T1316 - No price found for DCS &1, MIC &2, time to mat. &3, pr. type &4 ?

  The SAP error message T1316 indicates that the system could not find a price for a specific combination of parameters related to a material in the context of a DCS (Dynamic Configuration System) scenario. The parameters involved are:
  
  DCS: The specific DCS identifier.
  MIC: The Material Inspection Characteristic.
  Time to mat.: The time to maturity or the relevant time frame.
  Pr. type: The price type being referenced.
  
  Cause of the Error
  The error typically arises due to one or more of the following reasons:
  
  Missing Price Data: The price data for the specified combination of DCS, MIC, time to maturity, and price type has not been maintained in the system.
  Incorrect Configuration: The configuration settings for the DCS or the material may not be set up correctly, leading to the inability to retrieve the price.
  Data Inconsistency: There may be inconsistencies in the master data or transactional data that prevent the system from finding the correct price.
  Time Frame Issues: The time to maturity specified may not align with any existing price records.
  
  Solution
  To resolve the T1316 error, you can take the following steps:
  
  
  Check Price Records: Verify that the price records for the specified DCS, MIC, time to maturity, and price type exist in the system. You can do this by navigating to the relevant pricing tables or transaction codes (e.g., using transaction codes like ME1M, ME1L, or others depending on your configuration).
  
  
  Maintain Missing Data: If the price records are missing, you will need to create or maintain the necessary price data. This may involve entering new pricing conditions or updating existing ones.
  
  
  Review Configuration: Check the configuration settings for the DCS and ensure that all necessary parameters are correctly set up. This may involve reviewing the customizing settings in SPRO.
  
  
  Data Consistency Check: Run consistency checks on the master data and transactional data to ensure there are no discrepancies that could be causing the issue.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the DCS and pricing setup relevant to your business processes.
  
  
  Contact Support: If the issue persists after checking the above points, 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 for pricing and material management, such as MEK1 (Create Condition), MEK2 (Change Condition), and MEK3 (Display Condition).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the root cause of the T1316 error and implement the necessary solutions to resolve it.