How To Fix VAL059 - Amortization is not possible for security ID &1 with repayment type &2

SAP Error Message - Details

• Message type: E = Error

• Message class: VAL - Treasury: Messages for General Valuation

• Message number: 059

• Message text: Amortization is not possible for security ID &1 with repayment type &2

What causes this issue?

Security &V1& is in a position with position management procedure &V3&.
In accordance with the settings in the position management procedure,
you have attempted to apply amortization. However, the security ID has
repayment type &V2& and therefore cannot be amortized.

System Response

The valuation step <LS>Amortization</> is terminated.

How to fix this error?

In Customizing, change the settings for the amortization step. For
<LS>Amortization To</>, choose one of the following options: <LS>
Amortization to Issuer's Next Termination Date</> or <LS>Amortization to
Date of Termination (SE)/Fixed Per. End (LO)</>. If this setting is used
in the system, ensure that the setting <LS>Notice Periods of Issuer</>
has been defined for the security ID in the class master data.

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.