How To Fix CONVERT_OTC024 - There is no OTC underlying data

SAP Error Message - Details

• Message type: E = Error

• Message class: CONVERT_OTC - Conversion of OTC Interest Rate Instruments

• Message number: 024

• Message text: There is no OTC underlying data

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 CONVERT_OTC024 - There is no OTC underlying data ?

  The SAP error message CONVERT_OTC024: There is no OTC underlying data typically occurs in the context of SAP's Over-the-Counter (OTC) trading functionalities, particularly when dealing with financial instruments or transactions that require underlying data for processing.
  Cause:
  
  
  Missing Data: The error usually indicates that the system cannot find the necessary underlying data for the OTC transaction you are trying to process. This could be due to:
  
  The underlying asset or instrument not being defined in the system.
  The relevant data not being maintained or updated in the master data.
  The transaction not being linked to the appropriate underlying data.
  
  
  
  Configuration Issues: There may be configuration issues in the system that prevent the proper linking of OTC transactions to their underlying data.
  
  
  Data Migration Issues: If data was recently migrated or imported into the system, there may have been errors or omissions during that process.
  
  
  Solution:
  
  
  Check Master Data: Verify that the underlying data for the OTC transaction exists in the system. This includes checking:
  
  The relevant financial instruments or assets.
  The configuration settings for OTC transactions.
  
  
  
  Maintain Missing Data: If the underlying data is missing, you will need to create or update the necessary master data in the system. This may involve:
  
  Creating new financial instruments.
  Updating existing records with the required information.
  
  
  
  Review Transaction Links: Ensure that the OTC transaction is correctly linked to the underlying data. This may involve checking the transaction details and ensuring that all necessary fields are populated.
  
  
  Consult Documentation: Review SAP documentation or help resources related to OTC transactions to ensure that all required configurations and data are in place.
  
  
  Check for System Notes or Updates: Sometimes, SAP releases notes or updates that address specific issues. Check the SAP Support Portal for any relevant notes related to this error.
  
  
  Contact SAP Support: If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration or version.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with OTC trading and financial instruments, such as:
  
  FTR_CREATE: For creating financial transactions.
  FTR_EDIT: For editing financial transactions.
  
  
  
  SAP Notes: Search for SAP Notes related to OTC transactions and the specific error message for additional troubleshooting steps or patches.
  
  
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.