How To Fix FTBCVA061 - The yield curve framework is not active

SAP Error Message - Details

• Message type: E = Error

• Message class: FTBCVA - Credit Value Adjustment

• Message number: 061

• Message text: The yield curve framework is not active

What causes this issue?

You want to calculate credit and debit value adjustments based on
expected exposures, but you have not activated the yield curve
framework. However, the yield curve framework is a
prerequisite for the calculation of probabilities of default and loss
given default from credit spreads.

System Response

The function is terminated.

How to fix this error?

Activate the yield curve framework (under
<DS:SIMG.V_FTBB_YCACT>Activate Yield Curve Framework</>), or change the
CVA/DVA calculation method to <LS>Difference Method</> under
<DS:SIMG.FTBCVAV_CVA_TYPE>Define Credit and Debit Value Adjustment
Types</>.

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 FTBCVA061 - The yield curve framework is not active ?

  The SAP error message FTBCVA061, which states "The yield curve framework is not active," typically occurs in the context of financial applications within SAP, particularly those related to treasury and risk management. This error indicates that the yield curve framework, which is essential for various financial calculations and analyses, is not activated in the system.
  
  Cause:
  
  Inactive Yield Curve Framework: The primary cause of this error is that the yield curve framework has not been activated in the SAP system. This framework is necessary for the system to perform calculations related to interest rates, valuations, and other financial metrics.
  
  Configuration Issues: There may be configuration issues or missing settings in the system that prevent the yield curve framework from being activated.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to access or activate the yield curve framework.
  
  
  Solution:
  To resolve the error FTBCVA061, you can follow these steps:
  
  
  Activate the Yield Curve Framework:
  
  Go to