How To Fix CMMFDOR_DRVTV_ORDER197 - Price up to spread limit &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: 197

• Message text: Price up to spread limit &1 is not a multiple of DCS/MIC tick value &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 CMMFDOR_DRVTV_ORDER197 - Price up to spread limit &1 is not a multiple of DCS/MIC tick value &2 ?

  The SAP error message CMMFDOR_DRVTV_ORDER197 indicates that there is an issue with the pricing of a financial instrument, specifically in the context of derivatives or futures trading. The error message states that the price you are trying to set is not compliant with the defined spread limit and tick value for the instrument.
  Cause:
  
  Price Not a Multiple of Tick Value: The price you are trying to enter is not a multiple of the defined tick value for the instrument. Tick values are the smallest price increment that can be used for trading.
  Spread Limit Violation: The price exceeds the maximum allowable spread limit defined for the trading instrument. This could be due to market conditions or incorrect pricing input.
  Configuration Issues: There may be issues with the configuration of the trading parameters in the system, such as incorrect tick values or spread limits.
  
  Solution:
  
  Adjust the Price: Ensure that the price you are entering is a multiple of the tick value. For example, if the tick value is 0.01, the price should be something like 1.00, 1.01, 1.02, etc.
  Check Spread Limits: Verify the spread limits for the instrument you are trading. Make sure that the price you are trying to set does not exceed these limits.
  Review Configuration: If you have access, review the configuration settings for the trading instrument in SAP. Ensure that the tick values and spread limits are set correctly.
  Consult Documentation: Refer to the SAP documentation or help resources for specific details on how to handle pricing for the particular financial instrument you are working with.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with a financial expert who is familiar with the trading module in SAP.
  
  Related Information:
  
  Tick Value: The minimum price movement of a trading instrument. It is essential for determining the pricing increments.
  Spread Limit: The maximum allowable difference between the bid and ask price for a financial instrument.
  SAP Modules: This error is typically encountered in modules related to financial trading, such as SAP Treasury and Risk Management (TRM) or SAP Commodity Management (CM).
  
  By addressing the price input and ensuring compliance with the defined trading parameters, you should be able to resolve the error message CMMFDOR_DRVTV_ORDER197.