How To Fix T2582 - To transfer security prices, specify price type

SAP Error Message - Details

• Message type: E = Error

• Message class: T2 - General Treasury

• Message number: 582

• Message text: To transfer security prices, specify price type

What causes this issue?

You have selected the field for transferring securities prices without
entering them. Without this information, there can be no consistent
transfer of prices in the SAP R/3 System.

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?

Enter the rate type with which the prices are to be transferred to the
operative tables of the SAP R/3 System.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T2582 - To transfer security prices, specify price type ?

  The SAP error message T2582, which states "To transfer security prices, specify price type," typically occurs in the context of financial transactions involving securities, such as when you are trying to upload or transfer security prices in the SAP system. This error indicates that the system requires a specific price type to be defined before it can proceed with the transfer of security prices.
  Cause:
  The error is usually caused by one of the following reasons:
  
  Missing Price Type: The price type has not been specified in the transaction or configuration where the security prices are being processed.
  Incorrect Configuration: The system configuration for handling security prices may not be set up correctly, leading to the requirement for a price type not being met.
  Data Entry Error: There may be an oversight in the data entry process where the price type field was left blank or incorrectly filled.
  
  Solution:
  To resolve the T2582 error, you can take the following steps:
  
  
  Specify Price Type:
  
  When entering or uploading security prices, ensure that you specify the price type. This can usually be done in the relevant transaction screen or data upload template.
  Common price types include "Market Price," "Book Price," or "Fair Value," depending on your organization's accounting policies.
  
  
  
  Check Configuration:
  
  Review the configuration settings in the SAP system related to securities and price types. Ensure that the necessary price types are defined and active.
  You can check the configuration in the following path: 
  
  SPRO > Financial Accounting > Financial Instruments > Securities > Define Price Types.
  
  
  
  
  
  Review Documentation:
  
  Consult the SAP documentation or help files related to securities and price types for additional guidance on how to properly set up and use price types.
  
  
  
  Consult with SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting SAP Notes for any known issues or patches related to this error.
  
  
  
  Related Information:
  
  Price Types: In SAP, price types are used to categorize different types of prices for securities. Understanding the different price types and their implications on financial reporting is crucial.
  Securities Management: Familiarize yourself with the broader context of securities management in SAP, including how prices are updated, how they affect valuations, and how they are reported in financial statements.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  Securities Master Data: Transaction codes like FTR_EDIT or FTR_CREATE for managing securities.
  Price Upload: If you are using a specific transaction for price uploads, ensure that all required fields are filled out correctly.
  
  
  
  By following these steps, you should be able to resolve the T2582 error and successfully transfer security prices in your SAP system.