How To Fix 64213 - The issue premium is greater than the reinvestment discount

64213 - Overview

• Message type: E = Error

• Message class: 64 - Treasury Management: Securities

• Message number: 213

• Message text: The issue premium is greater than the reinvestment discount

What causes this issue?

The percentage value of the issuing premium in the basic data is larger
than the reinvestment discount.

System Response

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

How to fix this error?

Enter a smaller value.

Error message extract from SAP system. Copyright SAP SE.

64213 - Details

• The SAP error message 64213, which states "The issue premium is greater than the reinvestment discount," typically occurs in the context of financial transactions involving bonds or other securities. This error indicates that the premium (the amount by which the issue price of a bond exceeds its face value) is greater than the reinvestment discount (the discount applied to the reinvestment of cash flows from the bond).
  
  Cause:
  
  Incorrect Pricing: The issue price of the bond may have been set incorrectly, leading to a premium that exceeds the expected reinvestment discount.
  Market Conditions: Changes in interest rates or market conditions may have affected the expected reinvestment rates, leading to discrepancies.
  
  Configuration Issues: There may be configuration issues in the SAP system related to the financial instruments or the valuation methods being used.
  Data Entry Errors: Manual entry errors in the bond issuance or pricing details can lead to this mismatch.
  
  
  Solution:
  
  Review Pricing Details: Check the issue