How To Fix FTR0706 - Hedging classification must be specified.

FTR0706 - Overview

• Message type: E = Error

• Message class: FTR0 - Treasury: Financial Transaction

• Message number: 706

• Message text: Hedging classification must be specified.

Self-Explanatory Message

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FTR0706 - Details

• The SAP error message FTR0706, which states "Hedging classification must be specified," typically occurs in the context of financial transactions involving hedging instruments in SAP's Treasury and Risk Management module. This error indicates that the system requires a hedging classification to be defined for a particular transaction, but it has not been provided.
  
  Cause:
  
  Missing Hedging Classification: The primary cause of this error is that the hedging classification field is not filled in the relevant transaction or master data.
  
  Configuration Issues: There may be issues with the configuration of the hedging settings in the system, which could lead to the requirement for a hedging classification not being met.
  Transaction Type: The transaction type being processed may require a hedging classification, but it has not been set up correctly in the system.
  
  
  Solution:
  
  
  Specify Hedging Classification:
  
  Navigate to the transaction or document where the error occurred.
  Look for the field related to hedging classification and ensure it is filled