How To Fix 64409 - Subscription periods of subscript. right expired on key date of corp.act.

SAP Error Message - Details

• Message type: E = Error

• Message class: 64 - Treasury Management: Securities

• Message number: 409

• Message text: Subscription periods of subscript. right expired on key date of corp.act.

What causes this issue?

All the subscription periods for subscription right &V1& expired on the
key date of the corporate action.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 64409 - Subscription periods of subscript. right expired on key date of corp.act. ?

  The SAP error message 64409, which states "Subscription periods of subscript. right expired on key date of corp.act.," typically occurs in the context of managing subscription rights or corporate actions in SAP. This error indicates that the subscription rights associated with a particular corporate action have expired as of the key date specified.
  Cause:
  
  Expired Subscription Rights: The primary cause of this error is that the subscription rights for a security or financial instrument have expired before the key date of the corporate action.
  Incorrect Key Date: The key date for the corporate action may be set incorrectly, leading to a mismatch with the valid subscription periods.
  Data Entry Errors: There may be errors in the data entry related to the subscription rights or corporate actions, such as incorrect dates or missing information.
  
  Solution:
  
  Check Subscription Rights: Verify the subscription rights associated with the security. Ensure that they are still valid and have not expired before the key date of the corporate action.
  Adjust Key Date: If the key date is incorrect, adjust it to a date that falls within the valid subscription period.
  Update Corporate Action Data: Review and update the corporate action data to ensure that all relevant information is accurate and reflects the current status of the subscription rights.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on managing subscription rights and corporate actions.
  Contact Support: If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with corporate actions and subscription rights, such as CA01 (Create Corporate Action) or CA02 (Change Corporate Action).
  Master Data: Ensure that the master data for the securities involved is up to date and correctly configured.
  Testing: If changes are made, conduct thorough testing to ensure that the error does not recur and that the corporate action processes function as expected.
  
  By following these steps, you should be able to resolve the error and ensure that your corporate actions and subscription rights are managed correctly within SAP.