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 the SAP Easy Access screen.
  Navigate to the transaction code SPRO (SAP Project Reference Object).
  Follow the path: Financial Supply Chain Management > Treasury and Risk Management > Basic Settings > Activate Yield Curve Framework.
  Ensure that the yield curve framework is activated.
  
  
  
  Check Configuration:
  
  Verify that all necessary configurations related to the yield curve are correctly set up. This includes checking the settings for interest rate types, curve types, and any other related parameters.
  
  
  
  User Authorizations:
  
  Ensure that the user encountering the error has the necessary authorizations to access and modify the yield curve settings. You may need to consult with your SAP security team to verify and adjust user roles if necessary.
  
  
  
  Consult Documentation:
  
  Review the SAP documentation or help files related to the yield curve framework for any additional configuration steps or prerequisites that may have been overlooked.
  
  
  
  System Restart:
  
  In some cases, after making changes, it may be necessary to restart the SAP system or the relevant application to ensure that the changes take effect.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or patches related to this error message.
  SAP Community: Engage with the SAP Community forums to see if other users have encountered similar issues and what solutions they have found.
  Testing: After making the necessary changes, perform tests to ensure that the yield curve framework is functioning correctly and that the error message no longer appears.
  
  By following these steps, you should be able to resolve the error message FTBCVA061 and activate the yield curve framework in your SAP system.