How To Fix CMMFDOR_DRVTV_ORDER194 - Requested spread 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: 194

• Message text: Requested spread 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_ORDER194 - Requested spread price &1 is not a multiple of DCS/MIC tick value &2 ?

  The SAP error message CMMFDOR_DRVTV_ORDER194 indicates that there is an issue with the spread price you are trying to set for a financial instrument. Specifically, the error states that the requested spread price is not a multiple of the tick value defined for the DCS (Direct Clearing System) or MIC (Market Identifier Code). 
  Cause:
  
  Tick Value Misalignment: The spread price you are trying to enter does not align with the tick size defined for the market or instrument. Each market has specific tick sizes that dictate the minimum price movement for trades.
  Incorrect Configuration: The configuration settings for the financial instrument or market may not be set up correctly, leading to discrepancies in expected values.
  Data Entry Error: There may be a simple data entry error where the spread price was incorrectly calculated or inputted.
  
  Solution:
  
  Check Tick Size: Verify the tick size for the specific DCS or MIC you are working with. Ensure that the spread price you are entering is a multiple of this tick size.
  Adjust Spread Price: Modify the spread price to ensure it is a valid multiple of the tick value. For example, if the tick value is 0.05, valid spread prices would be 0.00, 0.05, 0.10, etc.
  Review Configuration: If you have access, review the configuration settings for the financial instrument in SAP to ensure that the tick size and other parameters are correctly set.
  Consult Documentation: Refer to the SAP documentation or help resources for specific guidelines on setting spread prices and understanding tick values.
  Contact Support: If the issue persists after checking the above, consider reaching out to your SAP support team or consulting with a financial systems expert who can provide further assistance.
  
  Related Information:
  
  Tick Size: The minimum price increment that a security can move. It is crucial for ensuring that trades are executed at acceptable price levels.
  DCS/MIC: These are identifiers for the clearing systems and markets where trades are executed. Each has its own rules and configurations regarding pricing.
  SAP Financial Modules: Understanding the specific SAP module you are working with (e.g., SAP S/4HANA, SAP Treasury) can provide additional context for resolving issues related to trading and pricing.
  
  By following these steps, you should be able to resolve the error and successfully enter the desired spread price.