How To Fix FTR0706 - Hedging classification must be specified.

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR0 - Treasury: Financial Transaction

• Message number: 706

• Message text: Hedging classification must be specified.

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR0706 - Hedging classification must be specified. ?

  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 out correctly. This may involve selecting an appropriate classification from a predefined list.
  
  
  
  Check Configuration:
  
  Go to the configuration settings in the SAP system (usually accessed via SPRO).
  Ensure that the hedging classification settings are correctly configured for the relevant transaction types and instruments.
  Verify that the hedging relationships are properly defined in the system.
  
  
  
  Review Transaction Type Settings:
  
  Check the settings for the specific transaction type you are working with to ensure that it is set up to require a hedging classification.
  If necessary, consult with your SAP administrator or a functional consultant to ensure that the transaction type is configured correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to Treasury and Risk Management for additional guidance on hedging classifications and their requirements.
  
  
  
  Related Information:
  
  Hedging Classification: This is a categorization that defines the purpose of the hedging transaction, such as whether it is for fair value hedging, cash flow hedging, or net investment hedging.
  SAP Notes: Check for any relevant SAP Notes that may address this error or provide additional insights into configuration or known issues.
  User Roles and Authorizations: Ensure that the user has the necessary permissions to make changes to hedging classifications and related settings.
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support or a consultant who specializes in Treasury and Risk Management for further assistance.