How To Fix FTR_FORWARDS124 - Position date &1 is later than end of term &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FORWARDS - Messages for Forwards and Futures

• Message number: 124

• Message text: Position date &1 is later than end of term &2

What causes this issue?

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

System Response

The position date should be later than the end of term.

How to fix this error?

Change the new security transaction after the delivery.

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_FORWARDS124 - Position date &1 is later than end of term &2 ?

  The SAP error message FTR_FORWARDS124 indicates that there is an issue with the position date in a financial transaction related to forwards or derivatives. Specifically, the error states that the position date you are trying to enter is later than the end of the term for the financial instrument. This typically occurs in the context of financial instruments like forwards, options, or swaps where the position date must fall within the valid term of the contract.
  Cause:
  
  Position Date Issue: The position date you are trying to enter is beyond the end date of the financial instrument's term.
  Incorrect Data Entry: The position date may have been entered incorrectly, either manually or through a system process.
  Contract Expiry: The financial instrument may have already expired, and you are attempting to perform an action that is not allowed post-expiration.
  
  Solution:
  
  Check Position Date: Verify the position date you are trying to enter. Ensure that it falls within the valid range of the financial instrument's term.
  Review Contract Details: Look at the details of the financial instrument (e.g., start date, end date) to confirm the correct term.
  Adjust Date: If the position date is indeed incorrect, adjust it to a valid date that is within the term of the contract.
  Consult Documentation: If you are unsure about the terms of the financial instrument, consult the relevant documentation or speak with your finance team.
  System Configuration: If this error occurs frequently, it may be worth reviewing the system configuration or settings related to financial instruments to ensure they are set up correctly.
  
  Related Information:
  
  Transaction Codes: You may be using transaction codes related to financial instruments, such as FTR_CREATE (Create Forward), FTR_EDIT (Edit Forward), or others.
  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, as restrictions may lead to errors.
  Training: If you are new to handling financial instruments in SAP, consider undergoing training or reviewing SAP documentation related to treasury and risk management.
  
  By following these steps, you should be able to resolve the error and proceed with your financial transactions in SAP.