How To Fix TBA_PRICEQUOT003 - Market identification code &1 not valid

SAP Error Message - Details

• Message type: E = Error

• Message class: TBA_PRICEQUOT - Messages related to Price Quotation Services

• Message number: 003

• Message text: Market identification code &1 not valid

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.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message TBA_PRICEQUOT003 - Market identification code &1 not valid ?

  The SAP error message TBA_PRICEQUOT003 indicates that the market identification code (MIC) specified in your transaction is not valid. This error typically occurs in the context of financial transactions, particularly in areas related to trading, pricing, or market data.
  Cause:
  
  Invalid Market Identification Code: The MIC you are trying to use does not exist in the system or is not recognized.
  Configuration Issues: The MIC may not be properly configured in the system settings or may not be assigned to the relevant trading or pricing area.
  Data Entry Error: There may be a typographical error in the MIC entered.
  Missing Data: The MIC may not have been set up in the relevant master data or configuration tables.
  
  Solution:
  
  Verify the MIC: Check the MIC you are using for any typographical errors. Ensure that it is entered correctly.
  Check Configuration: 
  
  Go to the relevant configuration settings in SAP (usually in the customizing transaction SPRO).
  Navigate to the section where market identification codes are defined and ensure that the MIC you are using is listed and correctly configured.
  
  
  Master Data Review: Ensure that the MIC is included in the relevant master data records (e.g., security master data, pricing conditions).
  Consult Documentation: Refer to SAP documentation or help resources to understand the valid MICs for your specific context.
  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 further assistance.
  
  Related Information:
  
  Transaction Codes: Depending on your SAP version and configuration, you may need to use specific transaction codes to check or configure market identification codes (e.g., SPRO for configuration).
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles and Authorizations: Ensure that you have the necessary permissions to access and modify the relevant configuration settings.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.