How To Fix THM_EXPIRE514 - Product type for underlying not customized

SAP Error Message - Details

• Message type: E = Error

• Message class: THM_EXPIRE - Hedging relationship expiration messages

• Message number: 514

• Message text: Product type for underlying not customized

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 THM_EXPIRE514 - Product type for underlying not customized ?

  The SAP error message THM_EXPIRE514 indicates that there is an issue with the product type for an underlying financial instrument that has not been properly customized in the system. This error typically arises in the context of Treasury and Risk Management (TRM) or Financial Instruments Management (FIM) modules, where specific product types need to be defined and configured for the system to process transactions correctly.
  Cause:
  
  Missing Customization: The product type for the underlying financial instrument has not been defined or customized in the system.
  Incorrect Configuration: The configuration settings for the product type may be incomplete or incorrect.
  Master Data Issues: The master data for the financial instrument may not be set up correctly, leading to the system not recognizing the product type.
  
  Solution:
  
  
  Check Product Type Configuration:
  
  Navigate to the relevant customizing transaction in SAP (usually through SPRO).
  Ensure that the product type for the underlying instrument is defined and properly configured.
  If it is missing, create a new product type or adjust the existing one to meet the requirements.
  
  
  
  Review Master Data:
  
  Verify that the master data for the financial instrument is complete and correctly set up.
  Ensure that all necessary fields are filled out and that the product type is correctly assigned.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files related to Treasury and Risk Management for guidance on setting up product types.
  Check for any specific notes or updates from SAP that may address this issue.
  
  
  
  Testing:
  
  After making the necessary changes, perform tests to ensure that the error no longer occurs and that transactions can be processed successfully.
  
  
  
  Seek Support:
  
  If the issue persists after checking the configuration and master data, consider reaching out to SAP support or consulting with an SAP expert who specializes in Treasury and Risk Management.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (Customizing), OBB8 (for financial instruments), and others that may be relevant to your specific setup.
  SAP Notes: Search for SAP Notes related to THM_EXPIRE514 for any patches or updates that may resolve the issue.
  Community 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 error and implement the necessary changes to resolve it.