How To Fix FTR0501 - Hedge Accounting: You must not change the contract date

FTR0501 - Overview

• Message type: E = Error

• Message class: FTR0 - Treasury: Financial Transaction

• Message number: 501

• Message text: Hedge Accounting: You must not change the contract date

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR0501 - Hedge Accounting: You must not change the contract date ?

  The SAP error message FTR0501, which states "Hedge Accounting: You must not change the contract date," typically occurs in the context of hedge accounting when there is an attempt to modify the contract date of a financial instrument that is already linked to a hedge relationship. This is a critical restriction in SAP's hedge accounting functionality to ensure the integrity of the hedge relationship and compliance with accounting standards.
  
  Cause:
  
  Contract Date Change: The primary cause of this error is an attempt to change the contract date of a financial instrument (e.g., a derivative) that is part of a hedge relationship.
  Hedge Accounting Rules: According to hedge accounting rules, once a hedge relationship is established, certain parameters, including the contract date, should remain unchanged to maintain the effectiveness of the hedge.
  System Configuration: The system may be configured to prevent changes to certain fields once a hedge relationship is active.
  
  
  Solution:
  
  
  Do Not Change the Contract