How To Fix TPM_THX1551 - Error in initialization of transaction &1 in CoCd &2 and Val.Area &3

TPM_THX1551 - Overview

• Message type: E = Error

• Message class: TPM_THX1 - Treasury: Message Class for P-HA

• Message number: 551

• Message text: Error in initialization of transaction &1 in CoCd &2 and Val.Area &3

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 TPM_THX1551 - Error in initialization of transaction &1 in CoCd &2 and Val.Area &3 ?

  The SAP error message TPM_THX1551 indicates that there is an issue with the initialization of a transaction in the context of Treasury and Risk Management (TRM), specifically related to the transaction type, company code (CoCd), and valuation area (Val.Area). This error typically arises in the context of financial transactions, such as those involving derivatives or other financial instruments.
  
  Cause:
  The error can be caused by several factors, including:
  
  Missing Configuration: The transaction type may not be properly configured in the system for the specified company code and valuation area.
  Data Inconsistencies: There may be inconsistencies or missing data in the master data or transaction data that are required for the initialization process.
  Authorization Issues: The user may not have the necessary authorizations to perform the transaction in the specified company code and valuation area.
  System Errors: There could be underlying system issues or bugs that are preventing the transaction from being initialized correctly.
  
  
  Solution:
  To resolve the TPM_THX1551