How To Fix FTR_FORWARDS118 - Scheduled dividend date on or before designation date; Unable to create

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FORWARDS - Messages for Forwards and Futures

• Message number: 118

• Message text: Scheduled dividend date on or before designation date; Unable to create

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_FORWARDS118 - Scheduled dividend date on or before designation date; Unable to create ?

  The SAP error message FTR_FORWARDS118 indicates that there is an issue with the scheduled dividend date in relation to the designation date when trying to create a financial transaction, such as a forward or derivative transaction. Specifically, the error states that the scheduled dividend date must be on or after the designation date, and if it is not, the system will not allow the transaction to be created.
  Cause:
  
  Date Configuration: The scheduled dividend date is set before the designation date. This can happen if the dates are incorrectly entered or if there is a misunderstanding of the transaction timeline.
  Data Entry Error: Manual entry errors when inputting the dates can lead to this issue.
  System Configuration: There may be configuration settings in the SAP system that enforce this rule, and if the dates do not comply, the error will be triggered.
  
  Solution:
  
  Check Dates: Review the scheduled dividend date and the designation date in the transaction you are trying to create. Ensure that the scheduled dividend date is on or after the designation date.
  Correct the Dates: If the scheduled dividend date is incorrect, update it to a valid date that meets the requirement.
  Re-enter Transaction: After correcting the dates, attempt to create the transaction again.
  Consult Documentation: If you are unsure about the correct dates, refer to the relevant financial documentation or consult with your finance team to ensure compliance with financial regulations and practices.
  System Configuration Review: If the issue persists, it may be necessary to review the system configuration settings related to financial transactions to ensure they are set up correctly.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Transaction Types: Understand the specific transaction types you are working with, as different types may have different requirements regarding dates.
  User Permissions: Ensure that you have the necessary permissions to create or modify the transactions in question.
  Training and Documentation: If you are frequently encountering this error, consider additional training on SAP financial transactions or reviewing the user manuals for guidance on date handling.
  
  By following these steps, you should be able to resolve the error and successfully create the transaction in SAP.