How To Fix VAL501 - Enter a CVA/DVA type or do not select netting groups

VAL501 - Overview

• Message type: E = Error

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

• Message number: 501

• Message text: Enter a CVA/DVA type or do not select netting groups

What causes this issue?

You have set the <LS>Select Netting Groups</> indicator, but not entered
a CVA/DVA type. This parameter combination is not allowed.

System Response

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

How to fix this error?

If you want to calculate CVA/DVA on the netting group level, set the
<LS>Select Netting Groups</> indicator and enter a CVA/DVA type.
If you want to calculate risk-free NPVs only, excluding CVA/DVA, leave
the <LS>CVA/DVA Type</> field empty. In this case, netting groups are
irrelevant and calculations are performed on the single transaction
level. For this reason, you do not set the <LS>Select Netting Groups</>
indicator.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message VAL501 - Enter a CVA/DVA type or do not select netting groups ?

  The SAP error message VAL501, which states "Enter a CVA/DVA type or do not select netting groups," typically occurs in the context of financial transactions involving Credit Valuation Adjustment (CVA) or Debit Valuation Adjustment (DVA) in SAP's Financial Supply Chain Management (FSCM) module. This error indicates that the system requires specific information regarding CVA/DVA types when netting groups are selected.
  
  Cause:
  
  Missing CVA/DVA Type: The error arises when a user attempts to process a transaction that involves netting groups without specifying a CVA or DVA type. The system needs this information to calculate the adjustments accurately.
  Incorrect Configuration: There may be a configuration issue in the system where the CVA/DVA types are not properly defined or linked to the relevant netting groups.
  User Input Error: The user may have inadvertently selected netting groups without realizing that a CVA/DVA type is required.
  
  
  Solution:
  
  Specify CVA/DVA Type: When processing the transaction, ensure that you enter a valid CVA