How To Fix CMMFDOR_DRVTV_ORDER193 - Requested price &1 is not a multiple of DCS/MIC tick value &2

SAP Error Message - Details

• Message type: E = Error

• Message class: CMMFDOR_DRVTV_ORDER - Commodity Derivative Order Requests Messages

• Message number: 193

• Message text: Requested price &1 is not a multiple of DCS/MIC tick value &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message CMMFDOR_DRVTV_ORDER193 - Requested price &1 is not a multiple of DCS/MIC tick value &2 ?

  The SAP error message CMMFDOR_DRVTV_ORDER193 indicates that there is a pricing issue related to the tick value in a trading or financial context, particularly when dealing with derivatives or commodities. The error message states that the requested price is not a multiple of the defined tick value.
  Cause:
  
  Tick Value Definition: In financial markets, a tick value is the minimum price movement of a trading instrument. If the price you are trying to set does not align with this tick value, the system will throw this error.
  Incorrect Price Input: The price you are trying to enter may not be correctly calculated or may not conform to the expected increments defined by the tick value.
  Configuration Issues: There may be a misconfiguration in the pricing settings or tick value definitions in the system.
  
  Solution:
  
  Check the Requested Price: Ensure that the price you are trying to enter is a multiple of the defined tick value. For example, if the tick value is 0.01, then valid prices would be 1.00, 1.01, 1.02, etc.
  Adjust the Price: Modify the price you are entering to ensure it meets the criteria of being a multiple of the tick value.
  Review Tick Value Settings: Go to the configuration settings in SAP and verify the tick value settings for the relevant trading instrument. Ensure that they are set correctly according to the market standards.
  Consult Documentation: Refer to the SAP documentation or help resources for specific guidelines on how to handle pricing and tick values in your particular module (e.g., Commodity Management, Derivatives).
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with a technical expert who can help diagnose and resolve the configuration issues.
  
  Related Information:
  
  SAP Modules: This error is often encountered in modules related to Commodity Management (CMM) or Financial Services (FS).
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help you navigate to the pricing configuration settings.
  User Roles: Ensure that you have the necessary permissions to make changes to pricing and configuration settings in SAP.
  
  By following these steps, you should be able to resolve the error and proceed with your transaction.