How To Fix FTR_COMF056 - Average period start date must not be before contract start date

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_COMF - Message class for commodity forward

• Message number: 056

• Message text: Average period start date must not be before contract start date

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_COMF056 - Average period start date must not be before contract start date ?

  The SAP error message FTR_COMF056 indicates that there is an issue with the average period start date in relation to the contract start date in the context of financial transactions, particularly in the area of treasury and risk management (TRM) or financial instruments.
  Cause:
  The error occurs when the average period start date you are trying to enter or process is earlier than the contract start date. This is a validation check to ensure that the periods defined for financial instruments or contracts are logically consistent. The average period start date should always be on or after the contract start date to maintain the integrity of the financial data.
  Solution:
  To resolve this error, you should:
  
  
  Check the Contract Start Date: Verify the contract start date in the relevant transaction or contract. Ensure that it is correctly set and reflects the intended start of the contract.
  
  
  Adjust the Average Period Start Date: Modify the average period start date to be the same as or later than the contract start date. This can typically be done in the transaction where you are entering the data.
  
  
  Review Related Data: Ensure that any other related dates (such as end dates or maturity dates) are also consistent with the contract start date and the average period start date.
  
  
  Consult Documentation: If you are unsure about the correct dates to use, refer to the relevant SAP documentation or consult with your SAP administrator or functional consultant for guidance.
  
  
  Test Changes: After making the necessary adjustments, try to process the transaction again to see if the error persists.
  
  
  Related Information:
  
  Transaction Codes: This error may occur in various transaction codes related to treasury management, such as FTR_CREATE, FTR_EDIT, or FTR_DISPLAY.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or updates related to this error message.
  User Roles and Authorizations: Ensure that you have the necessary permissions to make changes to contracts and financial instruments in SAP.
  
  By following these steps, you should be able to resolve the FTR_COMF056 error and proceed with your financial transactions in SAP.