How To Fix FTOE_CORE023 - Risk currency must not be same as risk-free currency

SAP Error Message - Details

• Message type: E = Error

• Message class: FTOE_CORE -

• Message number: 023

• Message text: Risk currency must not be same as risk-free currency

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTOE_CORE023 - Risk currency must not be same as risk-free currency ?

  The SAP error message FTOE_CORE023 indicates that there is a mismatch in the currency settings for a financial transaction or instrument. Specifically, it states that the "risk currency must not be the same as the risk-free currency." This error typically arises in the context of financial instruments, such as derivatives or hedging transactions, where different currencies are involved.
  Cause:
  
  Currency Configuration: The error occurs when the risk currency (the currency in which the risk is being measured) is set to be the same as the risk-free currency (the currency in which the risk-free rate is measured). This is not allowed because it defeats the purpose of assessing risk against a risk-free benchmark.
  Transaction Setup: During the setup of a financial transaction, the user may have inadvertently selected the same currency for both risk and risk-free settings.
  Master Data Issues: There may be issues with the master data configuration for the financial instruments or transactions involved.
  
  Solution:
  
  Check Currency Settings: Review the transaction or financial instrument settings to ensure that the risk currency and risk-free currency are different. You can do this by navigating to the relevant transaction in SAP and checking the currency fields.
  Adjust Configuration: If you are using a specific financial product or instrument, ensure that the configuration allows for different currencies. You may need to adjust the settings in the product configuration.
  Consult Documentation: Refer to the SAP documentation or help files related to the specific financial module you are working with (e.g., Treasury and Risk Management) for guidance on currency settings.
  Master Data Review: Check the master data for the financial instruments involved to ensure that the currencies are correctly defined and that there are no conflicts.
  Seek Help from SAP Support: If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  Related Information:
  
  SAP Modules: This error is commonly encountered in SAP modules related to Treasury and Risk Management (TRM), Financial Supply Chain Management (FSCM), or other financial transaction processing modules.
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help you navigate to the settings or configurations that need to be adjusted (e.g., transaction codes for managing financial instruments).
  User Roles and Authorizations: Ensure that you have the necessary permissions to make changes to the financial transaction settings.
  
  By addressing the currency configuration and ensuring that the risk and risk-free currencies are distinct, you should be able to resolve the FTOE_CORE023 error.