How To Fix FTR_FORWARDS042 - Reversal of corporate action is not permitted: Follow-up activity exists

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FORWARDS - Messages for Forwards and Futures

• Message number: 042

• Message text: Reversal of corporate action is not permitted: Follow-up activity exists

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_FORWARDS042 - Reversal of corporate action is not permitted: Follow-up activity exists ?

  The SAP error message FTR_FORWARDS042 indicates that a reversal of a corporate action is not permitted because there is a follow-up activity that exists. This typically occurs in the context of financial transactions, particularly in the area of treasury and risk management, where corporate actions (like dividends, stock splits, etc.) are processed.
  Cause:
  The error arises when you attempt to reverse a corporate action that has already been followed up by another transaction or activity. This could be due to:
  
  Pending Transactions: There are subsequent transactions that depend on the corporate action you are trying to reverse.
  Linked Activities: The corporate action may have been linked to other financial activities, such as settlements, postings, or other corporate actions.
  System Constraints: The system is designed to prevent reversals that could lead to inconsistencies in financial reporting or data integrity.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check for Follow-Up Activities:
  
  Review the corporate action in question to identify any follow-up activities that have been created. This can include transactions that were generated as a result of the corporate action.
  Use transaction codes like FTR_EDIT or FTR_LIST to view the details of the corporate action and its related transactions.
  
  
  
  Complete or Reverse Follow-Up Activities:
  
  If there are follow-up activities that are no longer needed, consider completing or reversing those transactions first before attempting to reverse the corporate action.
  Ensure that all dependent transactions are either completed or reversed.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or your organization's internal guidelines regarding corporate actions and their reversals. This may provide specific instructions or considerations for your situation.
  
  
  
  Contact Support:
  
  If you are unable to identify the follow-up activities or if the issue persists, consider reaching out to your SAP support team or consulting with a financial expert within your organization.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing corporate actions, such as:
  
  FTR_CREATE: Create a corporate action.
  FTR_EDIT: Edit an existing corporate action.
  FTR_LIST: List corporate actions and their statuses.
  
  
  
  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.
  
  
  Training and Documentation: Ensure that users involved in processing corporate actions are adequately trained and have access to documentation that outlines the procedures and implications of corporate actions and their reversals.
  
  
  By following these steps, you should be able to address the error and proceed with your corporate action processing in SAP.