How To Fix FTR_FORWARDS020 - Repo position date must be after the spot position date

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FORWARDS - Messages for Forwards and Futures

• Message number: 020

• Message text: Repo position date must be after the spot position date

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_FORWARDS020 - Repo position date must be after the spot position date ?

  The SAP error message FTR_FORWARDS020 indicates that there is an issue with the dates specified for a forward position in relation to a spot position. Specifically, the error states that the "repo position date must be after the spot position date." This typically occurs in the context of financial transactions involving forward contracts or repos (repurchase agreements).
  Cause:
  The error arises when the date of the forward position (or repo position) is set to a date that is earlier than or the same as the date of the spot position. In financial transactions, the spot position date represents the date on which the transaction is settled, while the forward position date is the future date when the transaction is expected to be settled. The system requires that the forward position date must always be later than the spot position date to ensure proper transaction sequencing and compliance with financial regulations.
  Solution:
  To resolve this error, you should:
  
  
  Check Dates: Review the dates entered for both the spot position and the forward position. Ensure that the forward position date is set to a date that is after the spot position date.
  
  
  Adjust Forward Position Date: If the forward position date is incorrect, modify it to a valid date that is after the spot position date.
  
  
  Review Transaction Logic: Ensure that the logic of your financial transactions aligns with the expected behavior of spot and forward positions. This may involve reviewing the business process or transaction flow.
  
  
  Consult Documentation: If you are unsure about the correct dates or the implications of changing them, consult your organization's financial policies or SAP documentation for guidance.
  
  
  Test Changes: After making the necessary adjustments, test the transaction again to ensure that the error is resolved.
  
  
  Related Information:
  
  Transaction Types: This error is commonly encountered in transactions involving financial instruments such as forwards, futures, and repos.
  SAP Modules: This error is typically associated with the SAP Treasury and Risk Management (TRM) module, which handles financial transactions and risk management.
  User Roles: Ensure that users entering these transactions have the appropriate permissions and understanding of financial instruments to avoid similar errors in the future.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a financial expert within your organization for further assistance.