How To Fix CMMFDOR_DRVTV_ORDER303 - Stop limit 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: 303

• Message text: Stop limit 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_ORDER303 - Stop limit price &1 is not a multiple of DCS/MIC tick value &2 ?

  The SAP error message CMMFDOR_DRVTV_ORDER303 indicates that there is an issue with the stop limit price specified in a trading order. Specifically, the error states that the stop limit price you are trying to set is not a multiple of the tick value defined for the trading instrument in the relevant market (DCS/MIC).
  Cause:
  
  Tick Value Misalignment: Each financial instrument has a defined tick size, which is the minimum price movement of the instrument. The stop limit price must be a multiple of this tick size. If the price you entered does not align with this requirement, the error will occur.
  Incorrect Configuration: The tick value may not be correctly configured in the system for the specific market or instrument you are trading.
  Data Entry Error: There may be a simple mistake in the price you entered, such as an incorrect decimal place or an inappropriate value.
  
  Solution:
  
  Check Tick Size: Verify the tick size for the specific instrument you are trading. This information can usually be found in the trading specifications or market data.
  Adjust Stop Limit Price: Modify the stop limit price you are trying to set so that it is a multiple of the tick size. For example, if the tick size is 0.01, valid stop limit prices would be 10.00, 10.01, 10.02, etc.
  Review Configuration: If you believe the tick size is incorrect, consult with your system administrator or the relevant team to ensure that the configuration for the instrument in the system is accurate.
  Consult Documentation: Refer to the SAP documentation or help resources for additional guidance on trading order entry and tick size requirements.
  
  Related Information:
  
  SAP Trading Module: This error is typically encountered in the context of trading modules within SAP, such as SAP Treasury and Risk Management (TRM) or SAP Financial Services.
  Market Regulations: Different markets may have different tick sizes and rules, so ensure you are aware of the specific regulations for the market you are trading in.
  User Training: If this error occurs frequently, consider providing additional training for users on how to enter trading orders correctly, including understanding tick sizes and price formats.
  
  By following these steps, you should be able to resolve the error and successfully enter your trading order.