How To Fix 62781 - Corr.items &: Option rate from prev.month missing

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 781

• Message text: Corr.items &: Option rate from prev.month missing

What causes this issue?

The option rate for &v2& is not available for correction items &v1&.

System Response

The system will not calculate the composite rate for correction items
&v1&.

How to fix this error?

First determine the option rate for &v2& for the correction items
(automatic calculation or manual maintenance), then restart the Monthly
Determination of Composite Rates report for the month of &v3&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62781 - Corr.items &: Option rate from prev.month missing ?

  The SAP error message 62781, "Corr.items &: Option rate from prev.month missing," typically occurs in the context of financial transactions, particularly when dealing with currency conversion or financial instruments that require historical exchange rates.
  Cause:
  This error indicates that the system is unable to find the required option rate (exchange rate) from the previous month for the currency involved in the transaction. This can happen due to several reasons:
  
  Missing Exchange Rate Data: The exchange rate for the previous month has not been maintained in the system.
  Incorrect Configuration: The configuration settings for currency translation or financial instruments may not be set up correctly.
  Data Entry Errors: There may be errors in the data entry that lead to the system not being able to retrieve the correct rates.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Exchange Rate Maintenance:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates).
  Verify if the exchange rates for the required currency pair are maintained for the previous month. If not, you will need to enter the missing rates.
  
  
  
  Review Configuration Settings:
  
  Ensure that the configuration for currency translation and financial instruments is correctly set up. This may involve checking the settings in the relevant customizing transactions (e.g., SPRO).
  
  
  
  Data Validation:
  
  Check the transaction data for any inconsistencies or errors that might be causing the issue. Ensure that all required fields are filled out correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to this error message for any specific guidance or updates that may apply to your version of SAP.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting SAP Notes for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), SPRO (Customizing), and others that may be relevant to your financial processes.
  SAP Notes: Search for SAP Notes related to error 62781 for any patches or updates that may address this issue.
  Documentation: Review SAP Help documentation for financial transactions and currency management to understand the requirements for maintaining exchange rates.
  
  By following these steps, you should be able to identify and resolve the cause of the error message 62781 in SAP.