How To Fix FARR_CONTRACT_MAIN406 - Start obtaining the exchange rate of contract at &1

FARR_CONTRACT_MAIN406 - Overview

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 406

• Message text: Start obtaining the exchange rate of contract at &1

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN406 - Start obtaining the exchange rate of contract at &1 ?

  The SAP error message FARR_CONTRACT_MAIN406 typically indicates an issue related to the retrieval of exchange rates for a contract in the SAP system. This error can occur in the context of contract management, particularly when dealing with foreign currency transactions.
  
  Cause:
  The error message suggests that the system is unable to obtain the exchange rate for the specified contract at the given date. This can happen due to several reasons:
  
  Missing Exchange Rate: The exchange rate for the currency pair involved in the contract may not be maintained in the system for the specified date.
  Incorrect Configuration: There may be issues with the configuration of the currency settings in the SAP system.
  Date Issues: The date for which the exchange rate is being requested may be outside the range of available rates.
  Authorization Issues: The user may not have the necessary authorizations to access the exchange rate data.
  
  
  Solution:
  To resolve the error, you can take the following