How To Fix FTR0559 - Retention period is not specified for entity 'Trader'

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR0 - Treasury: Financial Transaction

• Message number: 559

• Message text: Retention period is not specified for entity 'Trader'

Self-Explanatory Message

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• What is the cause and solution for SAP error message FTR0559 - Retention period is not specified for entity 'Trader' ?

  The SAP error message FTR0559 indicates that a retention period has not been specified for the entity 'Trader' in the context of financial transactions or asset management. This error typically arises in the SAP Treasury and Risk Management (TRM) module, particularly when dealing with financial instruments or trading activities.
  Cause:
  The error occurs because the system requires a retention period to be defined for the 'Trader' entity. The retention period is essential for compliance and regulatory purposes, as it determines how long certain data related to the trader must be retained in the system.
  Solution:
  To resolve the FTR0559 error, you need to specify a retention period for the 'Trader' entity. Here are the steps to do this:
  
  
  Access the Configuration Settings:
  
  Go to the SAP Easy Access screen.
  Navigate to the relevant configuration area for Treasury and Risk Management.
  
  
  
  Define Retention Period:
  
  Look for the settings related to 'Trader' or 'Trader Master Data'.
  You may find an option to define or edit the retention period for the trader entity.
  Specify the retention period according to your organization's policies and regulatory requirements.
  
  
  
  Save Changes:
  
  After entering the retention period, save your changes.
  Ensure that the settings are correctly applied.
  
  
  
  Test the Changes:
  
  Try to perform the action that previously triggered the error to confirm that the issue has been resolved.
  
  
  
  Related Information:
  
  Documentation: Refer to the SAP Help Portal or your organization's SAP documentation for detailed instructions on managing trader data and retention periods.
  User Roles: Ensure that you have the necessary permissions to make changes to the configuration settings.
  Consult with Compliance: If you are unsure about the appropriate retention period, consult with your compliance or legal team to ensure adherence to regulations.
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or updates related to this error message.
  
  By following these steps, you should be able to resolve the FTR0559 error and ensure that the retention period for the 'Trader' entity is properly specified in your SAP system.