How To Fix FTBBYC009 - Basis Spread &1: Reference rate &2 has invalid term

FTBBYC009 - Overview

• Message type: E = Error

• Message class: FTBBYC - Messages for DB accesses

• Message number: 009

• Message text: Basis Spread &1: Reference rate &2 has invalid term

What causes this issue?

You have assigned a reference rate to the basis spread ID that has the
payment frequency <LS>One interest payment at end of term</> and a term
that cannot be mapped to a standard payment frequency.

System Response

You are not allowed to save the basis spread ID because the yield curve
framework would not be able to make correct calculations for it.

How to fix this error?

Assign a different reference rate with a permitted payment frequency.
Permitted payment frequencies are:
All frequencies except <LS>Zero Interest Rate</>
<LS>Zero Interest Rate</> in combination with one of the following
interest rate terms:
1 Month
3 Months
6 Months
1 Year
,,<ZH>OR</>
Set the <LS>Extended Settings</> indicator
and set the payment frequency of the basis spread explicitly. Note: "at
end of term" in this case refers to the term of the basis spread, not
the reference rate.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTBBYC009 - Basis Spread &1: Reference rate &2 has invalid term ?

  The SAP error message FTBBYC009 indicates that there is an issue with the reference rate used in a basis spread calculation. Specifically, it suggests that the reference rate has an invalid term. This error typically arises in the context of financial transactions, particularly in the area of treasury and risk management where basis spreads are calculated for various financial instruments.
  
  Cause:
  
  Invalid Reference Rate: The reference rate specified in the transaction may not be valid for the term being used. This could be due to a mismatch between the rate and the expected term structure.
  
  Configuration Issues: There may be configuration issues in the system where the reference rates are defined. This could include missing or incorrectly defined rates in the system.
  Data Entry Errors: There might be a mistake in the data entry where the term or the reference rate is incorrectly specified.
  Market Data Issues: The market data feed that provides the reference