How To Fix FTR_FORWARDS007 - Forward transactions are only permitted for underlying bond

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FORWARDS - Messages for Forwards and Futures

• Message number: 007

• Message text: Forward transactions are only permitted for underlying bond

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_FORWARDS007 - Forward transactions are only permitted for underlying bond ?

  The SAP error message FTR_FORWARDS007 indicates that a forward transaction is being attempted for an underlying asset that is not a bond. This error typically arises in the context of financial instruments and derivatives within the SAP system, particularly in the Treasury and Risk Management (TRM) module.
  Cause:
  The error occurs when:
  
  A forward transaction is being created or processed for an underlying asset that is not classified as a bond. Forward transactions are typically only allowed for certain types of underlying assets, and bonds are one of them.
  The configuration or master data for the financial instrument may not be set up correctly, leading the system to misidentify the underlying asset type.
  
  Solution:
  To resolve this error, consider the following steps:
  
  
  Check the Underlying Asset:
  
  Verify that the underlying asset for the forward transaction is indeed a bond. If it is not, you may need to adjust your transaction or select a different underlying asset that is a bond.
  
  
  
  Review Transaction Type:
  
  Ensure that the transaction type you are using is appropriate for the underlying asset. If you are trying to create a forward transaction for an asset that is not a bond, you may need to use a different transaction type.
  
  
  
  Master Data Configuration:
  
  Check the configuration of the financial instruments in the system. Ensure that the master data for the underlying asset is correctly set up and classified as a bond.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to Treasury and Risk Management to understand the specific requirements for forward transactions and the types of underlying assets allowed.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration or version.
  
  
  
  Related Information:
  
  SAP Modules: This error is primarily related to the Treasury and Risk Management (TRM) module in SAP.
  Transaction Types: Familiarize yourself with the different transaction types available in SAP for financial instruments and their requirements.
  Documentation: Refer to SAP Help Portal or SAP Notes for detailed information on handling financial transactions and error messages.
  
  By following these steps, you should be able to identify the cause of the error and implement a suitable solution.