How To Fix FTR_COMS057 - Last period from &1 to &2 is shorter than the settlement frequency &3 &4

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_COMS -

• Message number: 057

• Message text: Last period from &1 to &2 is shorter than the settlement frequency &3 &4

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_COMS057 - Last period from &1 to &2 is shorter than the settlement frequency &3 &4 ?

  The SAP error message FTR_COMS057 indicates that there is a mismatch between the last period defined for a financial transaction and the settlement frequency specified for that transaction. Specifically, the error states that the last period (from &1 to &2) is shorter than the defined settlement frequency (&3 &4). 
  Cause:
  This error typically arises in the context of financial transactions, particularly in the area of treasury and risk management (TRM) or financial instruments. The causes can include:
  
  Incorrect Settlement Frequency: The settlement frequency defined for the transaction does not align with the actual periods available for settlement.
  Shortened Last Period: The last period for the transaction may have been defined in such a way that it does not accommodate the required settlement frequency.
  Configuration Issues: There may be configuration settings in the system that do not match the expected parameters for the financial transaction.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Settlement Frequency: Review the settlement frequency defined for the transaction. Ensure that it is set correctly according to the business requirements and that it matches the periods available for settlement.
  
  
  Adjust Last Period: If the last period is indeed shorter than the required settlement frequency, consider extending the last period to accommodate the frequency. This may involve adjusting the transaction dates or the configuration settings.
  
  
  Review Configuration: Check the configuration settings in the SAP system related to financial transactions and settlement frequencies. Ensure that they are set up correctly and consistently.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the error message and related settings. This can provide insights into how to adjust the parameters correctly.
  
  
  Test Changes: After making adjustments, test the transaction again to ensure that the error is resolved and that the transaction can be processed successfully.
  
  
  Related Information:
  
  Transaction Types: This error may be related to specific transaction types in SAP Treasury and Risk Management (TRM).
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration settings.
  User Roles: Ensure that the user has the appropriate roles and permissions to make changes to transaction settings and configurations.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP expert or your organization's SAP support team for further assistance.