How To Fix /BA1/F4_IR120 - No fixed rate exists for reference rate &1 (&3) on &2

SAP Error Message - Details

• Message type: E = Error

• Message class: /BA1/F4_IR -

• Message number: 120

• Message text: No fixed rate exists for reference rate &1 (&3) on &2

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.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /BA1/F4_IR120 - No fixed rate exists for reference rate &1 (&3) on &2 ?

  The SAP error message /BA1/F4_IR120 No fixed rate exists for reference rate &1 (&3) on &2 typically occurs in the context of financial transactions, particularly when dealing with interest rates or currency exchange rates in SAP's banking or treasury modules. This error indicates that the system cannot find a fixed rate for the specified reference rate on the given date.
  Cause:
  
  Missing Rate Configuration: The most common cause is that the fixed rate for the specified reference rate (e.g., an interest rate or exchange rate) has not been defined in the system for the date in question.
  Incorrect Date: The date specified may not have a valid rate configured, either because it is in the future or because the rate has not been maintained for that specific date.
  Data Entry Error: There may be a typo or incorrect entry in the reference rate or date fields.
  Master Data Issues: The relevant master data for the financial instrument or transaction may not be set up correctly.
  
  Solution:
  
  
  Check Rate Configuration:
  
  Go to the transaction where you can maintain interest rates or exchange rates (e.g., transaction code OB08 for exchange rates).
  Verify if the fixed rate for the specified reference rate exists for the date in question. If it does not, you will need to create or update the rate.
  
  
  
  Update Rates:
  
  If the rate is missing, you can add it by entering the correct reference rate, currency, and the applicable date range.
  Ensure that the rates are maintained for all necessary periods.
  
  
  
  Verify Date:
  
  Check the date you are using in your transaction. Make sure it falls within the range of dates for which rates are maintained.
  
  
  
  Review Master Data:
  
  Ensure that all relevant master data (e.g., financial instruments, contracts) is correctly set up and linked to the appropriate rates.
  
  
  
  Consult Documentation:
  
  If you are unsure about the rates or how to maintain them, refer to SAP documentation or consult with your SAP administrator or finance team.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 for maintaining exchange rates, FTR_EDIT for financial transactions, or FTR_CREATE for creating new financial instruments.
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  User Roles: Ensure that you have the necessary authorizations to view and maintain rate configurations in the system.
  
  By following these steps, you should be able to resolve the error and ensure that the necessary rates are available for your transactions.