Credit segment &1 does not exist

What causes this issue?

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

System Response

How to fix this error?

You can make the required settings in the following Customizing
activities:
<DS:SIMG.FIN_CR_CREDIT_SGM>Create Credit Segments</>
<DS:SIMG.UKM_SEGMENT_DC>Assign Credit Control Area and Credit Segment</>

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.