How To Fix FTR_FORWARDS047 - It is not possible to advance the maturity date

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FORWARDS - Messages for Forwards and Futures

• Message number: 047

• Message text: It is not possible to advance the maturity date

What causes this issue?

It is not possible to bring the maturity date forward for the
transaction. This is due to one of the following reasons:
The transaction delivery date has already been entered.
The term of the transaction was reduced using the "Advance Maturity"
transaction (either for the entire or part of the transaction). The
maturity date cannot be brought forward again for the parts of the
transaction whose term has already been reduced.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_FORWARDS047 - It is not possible to advance the maturity date ?

  The SAP error message FTR_FORWARDS047 indicates that it is not possible to advance the maturity date of a financial instrument, such as a forward contract. This error typically arises in the context of financial transactions and instruments managed within the SAP system, particularly in the Treasury and Risk Management module.
  Cause:
  The error can occur due to several reasons, including:
  
  
  Contractual Restrictions: The terms of the financial instrument may not allow for the maturity date to be changed. This could be due to specific contractual agreements or regulations governing the instrument.
  
  
  Status of the Instrument: The financial instrument may be in a status that does not permit changes to the maturity date. For example, if the instrument is already settled or has been marked for settlement, changes may not be allowed.
  
  
  System Configuration: There may be configuration settings in the SAP system that restrict the ability to change maturity dates for certain types of financial instruments.
  
  
  Dependencies on Other Transactions: The maturity date may be linked to other transactions or processes that prevent it from being changed.
  
  
  Solution:
  To resolve the error, consider the following steps:
  
  
  Check Contractual Terms: Review the terms of the financial instrument to ensure that changing the maturity date is permissible. If it is not allowed, you may need to consider alternative actions.
  
  
  Review Instrument Status: Check the current status of the financial instrument. If it is in a status that does not allow changes, you may need to revert it to a status that does or create a new instrument.
  
  
  Consult Configuration Settings: Work with your SAP configuration team to review the settings related to financial instruments. There may be specific configurations that need to be adjusted to allow for maturity date changes.
  
  
  Examine Dependencies: Investigate if there are any dependencies or linked transactions that are preventing the change. If so, you may need to address those first.
  
  
  Documentation and Support: Refer to SAP documentation for further insights on the error message. If necessary, contact SAP support for assistance, especially if the issue persists after checking the above points.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Transaction Codes: Familiarize yourself with transaction codes related to financial instruments, such as FTR_EDIT (to edit financial transactions) or FTR_CREATE (to create new financial transactions).
  User Roles and Authorizations: Ensure that the user attempting to make the change has the necessary authorizations to modify financial instruments.
  
  By following these steps, you should be able to identify the cause of the error and take appropriate action to resolve it.