How To Fix FTR_FORWARDS038 - End of term &1 is after the end of term of security &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FORWARDS - Messages for Forwards and Futures

• Message number: 038

• Message text: End of term &1 is after the end of term of security &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_FORWARDS038 - End of term &1 is after the end of term of security &2 ?

  The SAP error message FTR_FORWARDS038 indicates that there is a mismatch in the end dates of a forward contract and the associated security. Specifically, the error states that the end of term for the forward contract (denoted as &1) is after the end of term of the security (denoted as &2). This typically occurs in the context of financial instruments and derivatives management within SAP.
  Cause:
  
  Date Mismatch: The end date of the forward contract is set to a date that exceeds the end date of the security it is linked to. This can happen due to incorrect data entry or configuration.
  Incorrect Configuration: The financial instruments may not be configured correctly in the system, leading to inconsistencies in the terms.
  Data Migration Issues: If data was migrated from another system, there may be discrepancies in the end dates of contracts and securities.
  
  Solution:
  
  Check Dates: Review the end dates of both the forward contract and the security. Ensure that the end date of the forward contract does not exceed the end date of the security.
  Adjust Dates: If the forward contract's end date is incorrect, modify it to align with the security's end date. This can be done in the relevant transaction or configuration settings in SAP.
  Review Configuration: Ensure that the configuration for the financial instruments is set up correctly. This includes checking the settings for the securities and forward contracts in the system.
  Data Validation: If data was migrated, validate the data to ensure that all entries are correct and consistent. Correct any discrepancies found during this validation process.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on managing forward contracts and securities.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as FTR_EDIT (to edit financial transactions) or FTR_CREATE (to create new financial transactions) to make the necessary adjustments.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling forward contracts and securities.
  User Roles: Ensure that you have the appropriate permissions to make changes to financial transactions in SAP.
  
  By following these steps, you should be able to resolve the error and ensure that the forward contract and security are properly aligned in terms of their end dates.