How To Fix VAL857 - Probability of default not found due to missing default type group

VAL857 - Overview

• Message type: E = Error

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

• Message number: 857

• Message text: Probability of default not found due to missing default type group

What causes this issue?

The system could not determine the probability of default since the
default type group is missing.

System Response

You get this error message because the default type group has not been
maintained<LS> </>in Customizing.

How to fix this error?

Enter the default type group in Customizing activity
<DS:SIMG.TRPAV_PS_CL_ODR>Define the Position Classifier Order</>
(maintenance view: TRPAV_PS_CL_ODR).

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message VAL857 - Probability of default not found due to missing default type group ?

  The SAP error message VAL857 indicates that the system is unable to find the probability of default (PD) because the default type group is missing. This error typically occurs in the context of credit risk management or financial analytics within SAP, particularly when dealing with credit ratings, risk assessments, or similar financial calculations.
  
  Cause:
  
  Missing Default Type Group: The primary cause of this error is that the default type group, which is necessary for calculating the probability of default, has not been defined or is not available in the system.
  
  Configuration Issues: There may be configuration issues in the SAP system related to credit risk management settings, where the default type group is not properly set up.
  Data Inconsistencies: There could be inconsistencies or missing data in the master data related to the financial instruments or entities being assessed.
  
  
  Solution:
  
  
  Define Default Type Group:
  
  Navigate to the relevant configuration settings in SAP (usually found in the Financial