How To Fix FTR_COMF033 - Cash settlement payment date cannot be before last fixing date

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_COMF - Message class for commodity forward

• Message number: 033

• Message text: Cash settlement payment date cannot be before last fixing date

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_COMF033 - Cash settlement payment date cannot be before last fixing date ?

  The SAP error message FTR_COMF033 indicates that there is an issue with the cash settlement payment date being set before the last fixing date in a financial transaction, typically related to derivatives or financial instruments. This error is common in the context of cash settlements where the timing of payments is critical.
  Cause:
  
  Incorrect Date Configuration: The cash settlement payment date has been set to a date that is earlier than the last fixing date. The last fixing date is the date on which the final price or value of the financial instrument is determined.
  Data Entry Error: A user may have mistakenly entered an incorrect date during the transaction processing.
  System Configuration: There may be issues with the configuration of the financial instruments or the related settings in SAP.
  
  Solution:
  
  Check Dates: Review the cash settlement payment date and the last fixing date. Ensure that the cash settlement payment date is set to a date that is on or after the last fixing date.
  Adjust Payment Date: If the payment date is incorrect, modify it to a valid date that complies with the requirement.
  Review Transaction Details: Ensure that all relevant transaction details are correct and that there are no other inconsistencies that could lead to this error.
  Consult Documentation: Refer to SAP documentation or your organization's guidelines for handling cash settlements to ensure compliance with the required processes.
  System Configuration: If the issue persists, consult with your SAP administrator or technical team to check if there are any configuration issues that need to be addressed.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Transaction Codes: Familiarize yourself with transaction codes related to cash settlements and financial instruments, such as FTR_EDIT or FTR_COMF.
  User Roles: Ensure that users have the appropriate roles and permissions to make changes to financial transactions.
  Training: Consider providing training for users involved in processing cash settlements to minimize data entry errors.
  
  By following these steps, you should be able to resolve the error and ensure that cash settlements are processed correctly in SAP.