How To Fix FTBBYC010 - Basis Spread &1 is neither a tenor spread nor a cross-currency spread

SAP Error Message - Details

• Message type: E = Error

• Message class: FTBBYC - Messages for DB accesses

• Message number: 010

• Message text: Basis Spread &1 is neither a tenor spread nor a cross-currency spread

What causes this issue?

You have assigned an invalid combination of reference interest rates to
the basis spread ID.

System Response

You are not allowed to save the basis spread ID definition.

How to fix this error?

Assign reference interest rates to the basis spread ID so that
For a tenor spread, the reference interest rate 1 and reference interest
rate 2 have the same currency, but different terms
For a cross-currency spread, the reference interest rate 1 and reference
interest rate 2 have the same term, but different currencies

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 FTBBYC010 - Basis Spread &1 is neither a tenor spread nor a cross-currency spread ?

  The SAP error message FTBBYC010 indicates that there is an issue with the basis spread being used in a financial transaction, specifically that the specified basis spread is neither recognized as a tenor spread nor a cross-currency spread. This error typically arises in the context of financial instruments, such as derivatives or loans, where basis spreads are used to adjust interest rates based on different benchmarks.
  Cause:
  
  Incorrect Basis Spread Definition: The basis spread you are trying to use may not be defined correctly in the system. It could be missing or incorrectly configured in the system settings.
  Invalid Spread Type: The system expects a specific type of basis spread (either tenor or cross-currency), and the provided spread does not match these criteria.
  Data Entry Error: There may be a typographical error or incorrect data entry when specifying the basis spread in the transaction.
  Configuration Issues: The configuration settings in the SAP system for financial instruments may not be set up to recognize the specified basis spread.
  
  Solution:
  
  Check Basis Spread Configuration: Verify that the basis spread you are trying to use is correctly defined in the system. You can do this by navigating to the relevant configuration settings in SAP.
  Use Valid Basis Spread: Ensure that you are using a basis spread that is recognized by the system. You may need to consult with your finance or treasury team to confirm the correct spreads to use.
  Correct Data Entry: Review the transaction data for any errors in the input fields related to the basis spread. Make sure that the spread is entered correctly.
  Consult Documentation: Refer to SAP documentation or help resources for guidance on how to define and use basis spreads correctly.
  Contact SAP Support: If the issue persists, consider reaching out to SAP support for assistance. They can provide insights specific to your system configuration and help troubleshoot the issue.
  
  Related Information:
  
  SAP Modules: This error is typically encountered in modules related to Treasury and Risk Management (TRM) or Financial Supply Chain Management (FSCM).
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help you navigate to the configuration settings for basis spreads, such as transaction codes for managing financial instruments.
  User Roles: Ensure that you have the appropriate user roles and permissions to access and modify the settings related to basis spreads in SAP.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.