How To Fix 63029 - Corr.items &: No option rate found

SAP Error Message - Details

• Message type: E = Error

• Message class: 63 - Messages for Real Estate Management

• Message number: 029

• Message text: Corr.items &: No option rate found

What causes this issue?

No option rate could be determined for correction items &v1&.

System Response

The system prevents further processing of the correction items.

How to fix this error?

Verify the master data of these correction items.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 63029 - Corr.items &: No option rate found ?

  The SAP error message "63029 Corr.items &: No option rate found" typically occurs in the context of financial transactions, particularly when dealing with foreign currency transactions or derivatives. This error indicates that the system is unable to find a corresponding option rate for the currency pair or financial instrument involved in the transaction.
  Cause:
  
  Missing Exchange Rate: The most common cause is that the exchange rate for the specific currency pair is not maintained in the system.
  Incorrect Configuration: There may be issues with the configuration of the currency types or the settings for the financial instruments.
  Date Issues: The date for which the transaction is being processed may not have a valid exchange rate maintained.
  Data Entry Errors: There could be errors in the data entry, such as incorrect currency codes or transaction types.
  
  Solution:
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates).
  Check if the exchange rate for the required currency pair is maintained for the relevant date.
  If not, enter the appropriate exchange rate.
  
  
  
  Check Configuration:
  
  Review the configuration settings for currency types and ensure that they are correctly set up.
  Ensure that the financial instruments are correctly configured to use the appropriate exchange rates.
  
  
  
  Verify Transaction Dates:
  
  Ensure that the transaction date falls within the range of dates for which exchange rates are maintained.
  If necessary, adjust the transaction date or maintain the required exchange rates for the missing dates.
  
  
  
  Review Data Entry:
  
  Double-check the transaction details for any data entry errors, such as incorrect currency codes or transaction types.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance related to the financial module you are working with.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OBA1 (Maintain Document Types), and others that may be relevant to your financial processes.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to maintain exchange rates and perform the required transactions.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the financial module of SAP.