No rate types found for company code &1

What causes this issue?

The system tried to determine the exchange rate type from MCA
customizing for company code &SYST-MSGV1& which was not successful.

System Response

The process cannot continue.

How to fix this error?

In IMG activity
<DS:SIMG.FAGL_MCA_VPRCCATP>Maintain Parameters for Process Categories
</> , maintain the required exchange rate types for the functional
currency, 1st non-functional currency and 2nd non-functional currency
for process categories MEJ and MES and the MCA variant assigned to
company code &SYST-MSGV1& .

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.