How To Fix TPM_THX1580 - Hedging-relationship-specific update type is missing for product type &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 580

• Message text: Hedging-relationship-specific update type is missing for product type &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message TPM_THX1580 - Hedging-relationship-specific update type is missing for product type &1 ?

  The SAP error message TPM_THX1580 indicates that there is a missing hedging relationship-specific update type for a given product type in the context of Treasury and Risk Management (TRM) within SAP. This error typically arises when you are trying to execute a transaction related to hedging relationships, and the system cannot find the necessary configuration for the specified product type.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the update type for the specified product type has not been defined in the system. This can happen if the configuration for hedging relationships has not been completed or if there are inconsistencies in the settings.
  Incorrect Product Type: The product type specified in the transaction may not be correctly set up in the system, leading to the inability to find the corresponding update type.
  Transport Issues: If the configuration was recently transported from another system, it may not have been fully implemented or may have missing components.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for Treasury and Risk Management in SAP.
  Navigate to the section where hedging relationships are defined (usually under the customizing settings for Financial Supply Chain Management).
  Ensure that the update type for the specified product type is defined correctly.
  
  
  
  Define Missing Update Type:
  
  If the update type is indeed missing, you will need to create it. This typically involves:
  
  Accessing the relevant customizing transaction (e.g., SPRO).
  Navigating to the appropriate section for defining hedging relationships.
  Creating or modifying the update type for the specified product type.
  
  
  
  
  
  Check Product Type Settings:
  
  Verify that the product type you are using is correctly configured and that it corresponds to the hedging relationship you are trying to work with.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to Treasury and Risk Management for specific guidance on setting up hedging relationships and update types.
  
  
  
  Transport Requests:
  
  If the configuration was recently transported, check the transport logs for any errors or issues that may have occurred during the transport process.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue through configuration, consider reaching out to SAP support for assistance, especially if this is a production environment.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as TPM1, TPM2, and others related to Treasury management.
  SAP Notes: Search for SAP Notes related to TPM_THX1580 for any known issues or patches that may address this error.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify and resolve the issue related to the missing hedging relationship-specific update type for the specified product type.