How To Fix FTR_FORWARDS119 - Advance Maturity date &1 must be less then end of term &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FORWARDS - Messages for Forwards and Futures

• Message number: 119

• Message text: Advance Maturity date &1 must be less then end of term &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_FORWARDS119 - Advance Maturity date &1 must be less then end of term &2 ?

  The SAP error message FTR_FORWARDS119 indicates that there is an issue with the maturity date of a financial instrument, specifically a forward contract. The error message states that the "Advance Maturity date &1 must be less than end of term &2." This means that the specified advance maturity date is not valid because it is either equal to or later than the end of the term of the financial instrument.
  Cause:
  
  Incorrect Date Entry: The advance maturity date has been entered incorrectly, either manually or through a system process.
  Configuration Issues: There may be configuration settings in the system that are not aligned with the expected behavior for maturity dates.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies in the date formats or values.
  
  Solution:
  
  Check the Dates: Review the advance maturity date and the end of term date for the financial instrument. Ensure that the advance maturity date is indeed earlier than the end of term date.
  Correct the Entry: If the advance maturity date is incorrect, update it to a valid date that is less than the end of term date.
  Review Configuration: If the issue persists, check the configuration settings related to financial instruments in SAP to ensure they are set up correctly.
  Consult Documentation: Refer to SAP documentation or help resources for any specific guidelines related to forward contracts and maturity dates.
  Testing: After making changes, test the transaction again to ensure that the error is resolved.
  
  Related Information:
  
  Transaction Codes: You may be working with transaction codes related to financial instruments, such as FTR_EDIT (to edit financial transactions) or FTR_CREATE (to create new financial transactions).
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that you have the appropriate permissions to make changes to financial instruments in the system.
  
  If the problem continues after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial instruments.