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