How To Fix TPM_TRG033 - No rate type exists for Accounting code &1 and valuation area &2

TPM_TRG033 - Overview

• Message type: E = Error

• Message class: TPM_TRG - Treasury Position Management: Cross-Package Messages

• Message number: 033

• Message text: No rate type exists for Accounting code &1 and valuation area &2

What causes this issue?

Each valuation area is managed in a separate currency per accounting
code. Therefore, translations must be made to this currency. The
necessary rate type is not defined in the system.

System Response

The activity is terminated.

How to fix this error?

In the IMG activity 'Assign Accounting Codes and Valuation Areas',
define a rate type for the translation to valuation currency.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

TPM_TRG033 - Details

• The SAP error message TPM_TRG033 indicates that there is no rate type defined for a specific accounting code and valuation area in the context of Treasury and Risk Management (TRM) or Financial Instruments Management (FIM). This error typically arises when the system is trying to process a transaction that requires a specific rate type, but it cannot find the necessary configuration.
  
  Cause:
  
  Missing Rate Type Configuration: The primary cause of this error is that the required rate type has not been defined in the system for the specified accounting code and valuation area.
  Incorrect Valuation Area: The valuation area specified in the transaction may not be correctly set up or may not correspond to the accounting code being used.
  Data Entry Errors: There may be a mistake in the data entry, such as using an incorrect accounting code or valuation area.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Rate Type Configuration:
  
  Go to the