How To Fix TPM_CTY011 - Price is initial if 'No Quotation Avail.' checkbox is not set

SAP Error Message - Details

• Message type: E = Error

• Message class: TPM_CTY - Message class for Commodities

• Message number: 011

• Message text: Price is initial if 'No Quotation Avail.' checkbox is not set

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message TPM_CTY011 - Price is initial if 'No Quotation Avail.' checkbox is not set ?

  The SAP error message TPM_CTY011 indicates that a price is not set for a transaction in the context of Treasury and Risk Management (TRM), specifically when dealing with quotations for financial instruments. This error typically arises when you are trying to create or process a transaction that requires a price, but the system finds that the price is not defined, and the "No Quotation Available" checkbox is not selected.
  Cause:
  
  Missing Price Information: The primary cause of this error is that the system expects a price to be provided for the transaction, but it is not available in the system.
  Quotation Not Available: The system is unable to find a valid quotation for the financial instrument you are trying to process.
  Checkbox Not Selected: The "No Quotation Available" checkbox is not checked, which indicates that the system should look for a price, but it cannot find one.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Quotation Availability:
  
  Ensure that there is a valid quotation available for the financial instrument you are trying to process. You can do this by navigating to the relevant transaction or report in SAP that displays quotations.
  
  
  
  Enter Price Manually:
  
  If a quotation is not available, you may need to enter a price manually for the transaction. This can often be done in the transaction screen where you are encountering the error.
  
  
  
  Set the Checkbox:
  
  If you are certain that no quotation is available and you do not want to provide a price, you can check the "No Quotation Available" checkbox. This will allow you to proceed without a price.
  
  
  
  Review Configuration:
  
  If this issue occurs frequently, it may be worth reviewing the configuration settings related to pricing and quotations in your SAP system. Ensure that the necessary settings are in place to allow for proper quotation management.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed guidance on handling quotations and pricing in the context of Treasury and Risk Management.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing quotations and pricing, such as TPM1, TPM2, or others related to Treasury Management.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to view and manage quotations and pricing information.
  SAP Notes: Check for any SAP Notes related to this error message, as there may be specific patches or updates that address known issues.
  
  By following these steps, you should be able to resolve the TPM_CTY011 error and proceed with your transaction in SAP.