How To Fix TPM_TRPA_POS_CLASS050 - Update type is missing for the contract modific.; check Custom. settings

TPM_TRPA_POS_CLASS050 - Overview

• Message type: E = Error

• Message class: TPM_TRPA_POS_CLASS - Message Class for Position Classifier

• Message number: 050

• Message text: Update type is missing for the contract modific.; check Custom. settings

Self-Explanatory Message

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TPM_TRPA_POS_CLASS050 - Details

• The SAP error message "TPM_TRPA_POS_CLASS050 Update type is missing for the contract modification; check Custom settings" typically occurs in the context of Treasury and Risk Management (TRM) when dealing with contract modifications in SAP. This error indicates that the system is unable to find a valid update type for the specific contract modification you are trying to process.
  
  Cause:
  
  Missing Configuration: The update type for the contract modification may not be defined in the system. This can happen if the necessary customizing settings have not been set up correctly.
  Incorrect Customizing Settings: The customizing settings for the contract types or update types may be incorrectly configured or missing.
  Transport Issues: If the configuration was recently transported from another system, it may not have been transported correctly, leading to missing settings.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Customizing Settings:
  
  Go to the SAP Customizing Implementation Guide (IMG) by using transaction code SPRO.
  Navigate to the