How To Fix FTBBYC006 - Reference rate &1 is used in basis spread ID &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTBBYC - Messages for DB accesses

• Message number: 006

• Message text: Reference rate &1 is used in basis spread ID &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTBBYC006 - Reference rate &1 is used in basis spread ID &2 ?

  The SAP error message FTBBYC006 indicates that there is an issue related to the reference rate being used in a basis spread configuration. This error typically arises in the context of financial instruments, particularly in the area of interest rate derivatives or financial contracts that involve basis spreads.
  Cause:
  The error message FTBBYC006 is triggered when:
  
  A reference rate (denoted as &1 in the error message) is being used in a basis spread configuration (denoted as &2) that is not valid or is incorrectly set up.
  There may be a mismatch between the reference rate and the basis spread ID, or the reference rate may not be defined correctly in the system.
  The configuration for the basis spread may be incomplete or incorrect, leading to the system being unable to process the financial transaction.
  
  Solution:
  To resolve the FTBBYC006 error, you can take the following steps:
  
  
  Check Configuration:
  
  Verify the configuration of the basis spread ID in the system. Ensure that the reference rate is correctly assigned and that all necessary parameters are set up properly.
  Go to the relevant customizing transaction (e.g., SPRO) and check the settings for basis spreads and reference rates.
  
  
  
  Validate Reference Rate:
  
  Ensure that the reference rate being used is valid and exists in the system. Check if it is active and properly defined in the relevant tables.
  If the reference rate is missing or inactive, you may need to create or activate it.
  
  
  
  Review Basis Spread ID:
  
  Check the details of the basis spread ID to ensure it is correctly configured to use the specified reference rate.
  Make sure that the basis spread ID is not linked to any deprecated or obsolete reference rates.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help notes related to basis spreads and reference rates for any specific guidelines or requirements.
  
  
  
  Testing:
  
  After making the necessary adjustments, test the configuration by attempting to process the transaction again to see if the error persists.
  
  
  
  Seek Support:
  
  If the issue continues after checking the configuration and settings, consider reaching out to SAP support or consulting with a functional expert who specializes in financial instruments within SAP.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (for maintaining exchange rates) or other financial configuration transactions.
  SAP Notes: Look for SAP Notes that may address this specific error message or provide additional troubleshooting steps.
  Documentation: Review the SAP Financial Services documentation for more detailed information on managing basis spreads and reference rates.
  
  By following these steps, you should be able to identify and resolve the issue causing the FTBBYC006 error in your SAP system.