How To Fix 6Z300 - The price is not a multiple of the tick value &1

SAP Error Message - Details

• Message type: E = Error

• Message class: 6Z - Message Class for Error Log of Rate/Price Valuation

• Message number: 300

• Message text: The price is not a multiple of the tick value &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 6Z300 - The price is not a multiple of the tick value &1 ?

  The SAP error message 6Z300 ("The price is not a multiple of the tick value &1") typically occurs in the context of trading or financial transactions, particularly when dealing with financial instruments that have specific pricing rules. The error indicates that the price you are trying to enter does not conform to the required increments defined by the tick value.
  Cause:
  
  Tick Value Definition: Each financial instrument may have a defined tick value, which is the minimum price increment that can be used for that instrument. For example, if the tick value is 0.01, then valid prices would be 1.00, 1.01, 1.02, etc.
  Incorrect Price Entry: The price you are trying to enter is not a multiple of the defined tick value. For instance, if the tick value is 0.05 and you try to enter a price of 1.03, you will receive this error because 1.03 is not a multiple of 0.05.
  
  Solution:
  
  Check the Tick Value: Verify the tick value for the financial instrument you are working with. This information can usually be found in the instrument's specifications or settings in SAP.
  Adjust the Price: Modify the price you are trying to enter so that it is a valid multiple of the tick value. For example, if the tick value is 0.05, you could enter prices like 1.00, 1.05, 1.10, etc.
  Consult Documentation: If you are unsure about the tick value or how to adjust your entries, consult the relevant SAP documentation or your organization's financial policies.
  System Configuration: If you believe the tick value is incorrectly set, you may need to consult with your SAP administrator or financial system manager to review and adjust the configuration.
  
  Related Information:
  
  SAP Notes: Check for any SAP Notes related to this error message for additional context or updates.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to financial instruments, trading, or pricing.
  User Training: Ensure that users entering prices are trained on the importance of tick values and how to correctly enter prices in the system.
  
  By following these steps, you should be able to resolve the error and successfully enter the required price.