Issue creating netting agreement (ORA-28115: policy with check option violation)

Content

Has any come across the issue where one receives an error message while creating a new netting agreement?

I recently setup Netting on our environment and am now trying to create my first netting agreement, but I get an error message.

ORA-28115: policy with check option violation

It seems to be a generic error message based on my research on MOS.

Anybody has seen this before while creating a netting agreement and knows how to fix it?

Will log an SR as well but noticed that they sometimes just post the problem here as well.