How To Fix VAL852 - Step Loss Allowance: Loss given default not found (&1/&2)

VAL852 - Overview

• Message type: E = Error

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

• Message number: 852

• Message text: Step Loss Allowance: Loss given default not found (&1/&2)

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message VAL852 - Step Loss Allowance: Loss given default not found (&1/&2) ?

  The SAP error message VAL852, which states "Step Loss Allowance: Loss given default not found (&1/&2)," typically occurs in the context of credit risk management and valuation processes within SAP systems, particularly in the Financial Services sector. This error indicates that the system is unable to find the necessary Loss Given Default (LGD) data for a specific transaction or portfolio.
  
  Cause:
  
  Missing LGD Data: The most common cause of this error is that the Loss Given Default data for the specified entity (e.g., loan, credit exposure) is not available in the system.
  Incorrect Configuration: There may be issues with the configuration of the credit risk management module, leading to the inability to retrieve the required LGD data.
  Data Inconsistency: There could be inconsistencies or errors in the underlying data that prevent the system from accessing the LGD values.
  Incorrect Parameters: The parameters or identifiers (&1 and &2) provided in the error message may not correspond