How To Fix T7007 - Transaction type & only defined for rollover/premature settlement

T7007 - Overview

• Message type: E = Error

• Message class: T7 - Forex entry

• Message number: 007

• Message text: Transaction type & only defined for rollover/premature settlement

What causes this issue?

A new transaction cannot be entered with the transaction type you have
chosen as it should only be used for rollover / premature settlement of
existing foreign exchange transactions.

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?

Choose another transaction type.

Error message extract from SAP system. Copyright SAP SE.

T7007 - Details

• The SAP error message T7007 indicates that a specific transaction type is only defined for rollover or premature settlement. This error typically occurs in the context of financial transactions, particularly in the area of treasury management or investment management, where certain transaction types are restricted to specific operations.
  
  Cause:
  The error arises when you attempt to execute a transaction that is not allowed for the specified transaction type. This can happen due to:
  
  Incorrect Transaction Type: The transaction type you are trying to use is not configured for the operation you are performing (e.g., it may only be valid for rollover or premature settlement).
  
  Configuration Issues: The transaction type may not be properly set up in the system, or the settings may not align with the intended use.
  Business Process Misalignment: The business process you are trying to execute does not match the allowed operations for that transaction type.
  
  
  Solution:
  To resolve the T7007 error, you can