How To Fix FTBB005 - Spot rate validity date &1 differs from swap rate validity date &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTBB - Message Class FTBB

• Message number: 005

• Message text: Spot rate validity date &1 differs from swap rate validity date &2

What causes this issue?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Procedure for System Administrators

INCLUDE 'TRM_CUSTOMIZED_MESSAGE_INFO' OBJECT DOKU ID TX

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTBB005 - Spot rate validity date &1 differs from swap rate validity date &2 ?

  The SAP error message FTBB005 indicates a discrepancy between the validity dates of the spot rate and the swap rate in a financial transaction. This error typically arises in the context of foreign exchange (FX) transactions or when dealing with financial instruments that involve currency conversions.
  Cause:
  The error occurs when:
  
  The validity date of the spot rate (the current exchange rate for immediate delivery) does not match the validity date of the swap rate (the rate agreed upon for a future transaction).
  This can happen if the rates are not aligned in the system, possibly due to incorrect data entry, configuration issues, or timing differences in the rates being used.
  
  Solution:
  To resolve the FTBB005 error, you can take the following steps:
  
  
  Check Rate Validity Dates:
  
  Verify the validity dates of both the spot rate and the swap rate in the system. Ensure that they are aligned and that the rates are valid for the same date.
  
  
  
  Update Rates:
  
  If the rates are outdated or incorrect, update them in the system. You may need to enter the correct spot and swap rates for the relevant dates.
  
  
  
  Transaction Review:
  
  Review the transaction that triggered the error. Ensure that the transaction is set up correctly and that the correct rates are being referenced.
  
  
  
  Configuration Check:
  
  Check the configuration settings in the SAP system related to currency exchange rates. Ensure that the settings allow for the correct handling of spot and swap rates.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on handling currency rates and resolving related errors.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates) to manage exchange rates in SAP.
  Currency Configuration: Understand how currency types and exchange rate types are configured in your SAP system.
  Documentation: Review SAP notes and documentation related to foreign exchange transactions and error handling for more detailed guidance.
  
  By following these steps, you should be able to identify and resolve the FTBB005 error effectively.