How To Fix 64304 - No positive cash settlement determined, exercising not applicable

SAP Error Message - Details

• Message type: E = Error

• Message class: 64 - Treasury Management: Securities

• Message number: 304

• Message text: No positive cash settlement determined, exercising not applicable

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 64304 - No positive cash settlement determined, exercising not applicable ?

  The SAP error message 64304, "No positive cash settlement determined, exercising not applicable," typically occurs in the context of financial transactions, particularly when dealing with derivatives or financial instruments in SAP's Treasury and Risk Management module. This error indicates that the system could not determine a positive cash settlement for a transaction, which means that the conditions for exercising a financial instrument (like an option) are not met.
  Causes:
  
  Incorrect Configuration: The financial instrument may not be configured correctly in the system, leading to issues in determining cash settlements.
  Market Conditions: The market conditions may not be favorable for exercising the option, resulting in no positive cash settlement.
  Data Entry Errors: There may be incorrect or missing data in the transaction details, such as the strike price, expiration date, or underlying asset price.
  Settlement Rules: The settlement rules defined in the system may not allow for cash settlement under the current conditions.
  Transaction Status: The status of the transaction may not allow for exercising, such as if it is already settled or expired.
  
  Solutions:
  
  Review Configuration: Check the configuration of the financial instrument in SAP. Ensure that all parameters are set correctly, including the cash settlement rules.
  Check Market Conditions: Analyze the current market conditions to determine if exercising the option is viable. If the market price is below the strike price for a call option, for example, it may not be beneficial to exercise.
  Verify Transaction Data: Ensure that all relevant data for the transaction is entered correctly. This includes checking the strike price, expiration date, and any other parameters that may affect the cash settlement.
  Update Settlement Rules: If necessary, update the settlement rules in the system to allow for cash settlements under the appropriate conditions.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the error message and related transactions.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP frequently updates its system, and there may be specific notes addressing this error.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to Treasury and Risk Management, such as transaction codes for managing financial instruments, settlements, and reporting.
  User Forums: Engage with SAP user forums or communities where other users may have encountered similar issues and can provide insights or solutions.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Treasury and Risk Management for further assistance.