How To Fix FTR0704 - Hedge request ID &1 with value date &2 cannot be used

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR0 - Treasury: Financial Transaction

• Message number: 704

• Message text: Hedge request ID &1 with value date &2 cannot be used

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR0704 - Hedge request ID &1 with value date &2 cannot be used ?

  The SAP error message FTR0704 indicates that there is an issue with a hedge request in the system. Specifically, it states that the hedge request ID cannot be used with the specified value date. This error typically arises in the context of financial transactions, particularly in the area of treasury and risk management.
  Cause:
  The error can be caused by several factors, including:
  
  Invalid Value Date: The value date specified in the hedge request may not be valid or may not fall within the acceptable range of dates for the transaction.
  Hedge Request Status: The hedge request may be in a status that does not allow it to be processed (e.g., it may be incomplete, rejected, or already processed).
  Configuration Issues: There may be configuration settings in the SAP system that restrict the use of certain hedge requests based on specific criteria.
  Data Inconsistencies: There may be inconsistencies or missing data in the hedge request or related financial documents.
  
  Solution:
  To resolve the FTR0704 error, you can take the following steps:
  
  
  Check the Value Date: Verify that the value date specified in the hedge request is correct and falls within the acceptable range. Ensure that it is not a past date or a date that is not allowed by the system configuration.
  
  
  Review Hedge Request Status: Check the status of the hedge request. If it is not in a valid status for processing, you may need to change its status or create a new hedge request.
  
  
  Consult Configuration Settings: Review the configuration settings related to hedge accounting and treasury management in your SAP system. Ensure that there are no restrictions that would prevent the hedge request from being used.
  
  
  Data Validation: Ensure that all required fields in the hedge request are filled out correctly and that there are no missing or inconsistent data entries.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific details related to hedge requests and the FTR0704 error message.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing hedge requests, such as FTR_CREATE, FTR_EDIT, and FTR_DISPLAY.
  SAP Notes: Check for any SAP Notes related to the FTR0704 error for additional insights or patches that may address the issue.
  User Roles and Authorizations: Ensure that the user attempting to process the hedge request has the necessary authorizations to do so.
  
  By following these steps, you should be able to identify the root cause of the FTR0704 error and implement an appropriate solution.