How To Fix FTR_FORWARDS037 - Start of term &1 is before the issue start of security &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FORWARDS - Messages for Forwards and Futures

• Message number: 037

• Message text: Start of term &1 is before the issue start of security &2

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_FORWARDS037 - Start of term &1 is before the issue start of security &2 ?

  The SAP error message FTR_FORWARDS037 indicates that there is a mismatch between the start date of a term (or forward) and the issue start date of the security. Specifically, it means that the start date of the term is earlier than the issue start date of the security, which is not allowed in the system.
  Cause:
  This error typically occurs in the context of financial instruments, particularly when dealing with forward contracts or derivatives. The underlying cause can be one of the following:
  
  Incorrect Date Entry: The user may have entered the start date of the term incorrectly, making it earlier than the issue date of the security.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies in the date fields.
  Configuration Issues: There may be configuration settings in the SAP system that are not aligned with the business rules for the financial instruments being processed.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Dates: Verify the start date of the term and the issue start date of the security. Ensure that the term's start date is not earlier than the issue start date.
  
  
  Correct Data Entry: If the dates are incorrect, update the term's start date to a valid date that is on or after the issue start date of the security.
  
  
  Review Configuration: If the issue persists, review the configuration settings related to financial instruments in your SAP system to ensure they are set up correctly.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on handling financial instruments and their date settings.
  
  
  Seek Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with financial instruments, such as transaction codes for creating or modifying forward contracts.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.