How To Fix FTR_FORWARDS054 - Spot position date &1 is before the contract date &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FORWARDS - Messages for Forwards and Futures

• Message number: 054

• Message text: Spot position date &1 is before the contract date &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.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_FORWARDS054 - Spot position date &1 is before the contract date &2 ?

  The SAP error message FTR_FORWARDS054 indicates that there is a discrepancy between the spot position date and the contract date in a financial transaction, specifically in the context of forward contracts or financial instruments. The error message states that the spot position date (the date on which the spot transaction is to be settled) is earlier than the contract date (the date on which the contract was created or is effective).
  Cause:
  
  Incorrect Date Entry: The spot position date has been entered incorrectly, possibly due to a manual entry error.
  System Configuration: There may be a configuration issue in the system that does not allow for spot positions to be set before the contract date.
  Contract Validity: The contract may not be valid for the specified spot position date, leading to this error.
  
  Solution:
  
  Check Dates: Review the dates entered for both the spot position and the contract. Ensure that the spot position date is on or after the contract date.
  Adjust Dates: If the spot position date is indeed before the contract date, adjust the spot position date to a valid date that is equal to or later than the contract date.
  Review Contract Details: Ensure that the contract is active and valid for the specified spot position date. If necessary, update the contract details.
  Consult Documentation: If the issue persists, refer to SAP documentation or consult with your SAP support team for further troubleshooting.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FTR_EDIT or FTR_CREATE to edit or create financial transactions.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Permissions: Ensure that you have the necessary permissions to make changes to the financial transactions in SAP.
  Testing: After making changes, test the transaction to ensure that the error does not reoccur.
  
  By following these steps, you should be able to resolve the error message FTR_FORWARDS054 effectively.