How To Fix FTR_FORWARDS024 - A maximum nominal amount of &1 can be rolled over

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FORWARDS - Messages for Forwards and Futures

• Message number: 024

• Message text: A maximum nominal amount of &1 can be rolled over

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_FORWARDS024 - A maximum nominal amount of &1 can be rolled over ?

  The SAP error message FTR_FORWARDS024 indicates that there is a limitation on the maximum nominal amount that can be rolled over for a forward contract. This error typically arises in the context of financial transactions involving derivatives, such as forward contracts, where the rollover of a contract is attempted with an amount exceeding the predefined limit.
  Cause:
  
  Exceeding Maximum Limit: The primary cause of this error is that the nominal amount you are trying to roll over exceeds the maximum nominal amount set in the system for that particular forward contract.
  Configuration Settings: The maximum nominal amount may be defined in the configuration settings of the financial instruments in SAP. This could be based on company policy, regulatory requirements, or system settings.
  Contract Specifications: The specific forward contract may have been set up with a limit that is lower than the amount you are attempting to roll over.
  
  Solution:
  
  Check Contract Limits: Review the specifications of the forward contract to determine the maximum nominal amount allowed for rollover. This can usually be found in the contract details within the SAP system.
  Adjust Rollover Amount: If the amount you are trying to roll over exceeds the limit, you will need to adjust the rollover amount to be within the allowed range.
  Modify Configuration: If necessary and appropriate, consult with your SAP administrator or financial team to see if the maximum nominal amount can be adjusted in the system settings to accommodate your needs.
  Consult Documentation: Refer to the SAP documentation or help resources for further guidance on managing forward contracts and their rollover processes.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing financial instruments, such as FTR_CREATE (Create Financial Transaction) or FTR_EDIT (Edit Financial Transaction).
  User Roles: Ensure that you have the appropriate permissions to view and modify financial contracts in SAP.
  Testing Changes: If changes are made to the configuration, it is advisable to test the changes in a development or quality assurance environment before applying them to the production system.
  Training and Support: Consider seeking training or support from SAP consultants or your internal finance team to better understand the implications of rolling over forward contracts and managing limits.
  
  By following these steps, you should be able to resolve the error and successfully manage the rollover of your forward contracts in SAP.