How To Fix TPM_THX1556 - Customizing of update type for initialization for product type &1 missing

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 556

• Message text: Customizing of update type for initialization for product type &1 missing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message TPM_THX1556 - Customizing of update type for initialization for product type &1 missing ?

  The SAP error message TPM_THX1556 indicates that there is a missing configuration related to the initialization of the update type for a specific product type in the context of Treasury and Risk Management (TRM) or similar modules. This error typically arises when the system is trying to perform an operation that requires a specific configuration that has not been set up.
  Cause:
  The error is caused by the absence of a customizing entry for the update type associated with the specified product type. This means that the system does not know how to handle the initialization process for that product type because the necessary configuration is missing.
  Solution:
  To resolve this error, you need to perform the following steps:
  
  
  Access Customizing Settings:
  
  Go to the SAP Easy Access screen and enter the transaction code SPRO to access the SAP Reference IMG (Implementation Guide).
  
  
  
  Navigate to the Relevant Configuration:
  
  Follow the path: 
  Financial Supply Chain Management -> Treasury and Risk Management -> Transaction Manager -> Customizing -> Define Update Types
  
  Here, you will find the settings related to update types.
  
  
  
  Check for Missing Entries:
  
  Look for the update type that corresponds to the product type mentioned in the error message (indicated by &1).
  If the entry is missing, you will need to create a new entry or modify an existing one to include the necessary configuration for the initialization process.
  
  
  
  Define the Update Type:
  
  Ensure that you define the update type correctly, including all required parameters and settings that are relevant for the product type in question.
  
  
  
  Save Your Changes:
  
  After making the necessary adjustments, save your changes and exit the customizing settings.
  
  
  
  Test the Configuration:
  
  After saving, try to perform the operation that previously resulted in the error to ensure that the issue has been resolved.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP documentation or help files related to Treasury and Risk Management for more detailed information on configuring update types and product types.
  SAP Notes: Check for any relevant SAP Notes that might provide additional insights or updates related to this error message.
  Support: If the issue persists after following the above steps, consider reaching out to SAP support or consulting with a functional consultant who specializes in Treasury and Risk Management.
  
  By following these steps, you should be able to resolve the TPM_THX1556 error and ensure that the necessary configurations are in place for the initialization of the update type for the specified product type.