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