There is no underlying position for the single transaction

What causes this issue?

The single transaction is either a forward securities transaction or an
OTC option on securities. No financial object exists for this
securities position.

System Response

Issuer risk cannot be calculated for the single transaction.

How to fix this error?

Create a financial object for the securities postion.

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.