How To Fix TPM_TRIL1001 - Update type for position management procedure &1 not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: TPM_TRIL1 - Messages from the Income Ledger

• Message number: 001

• Message text: Update type for position management procedure &1 not defined

What causes this issue?

In the IMG activity "Assign Update Types for Hedge Accounting', an
update type required for position management procedure &V1& was not
assigned. It concerns the field with number &V2&.

System Response

The system cannot perform hedge accounting.

How to fix this error?

In Customizing, check the assignment of the update types.

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.