How To Fix FTR_GUI570 - Trade repository field trade ID &1 already used for legal basis &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_GUI - TR Transaction Management

• Message number: 570

• Message text: Trade repository field trade ID &1 already used for legal basis &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_GUI570 - Trade repository field trade ID &1 already used for legal basis &2 ?

  The SAP error message FTR_GUI570 indicates that there is a conflict with the Trade ID in the trade repository. Specifically, it means that the Trade ID you are trying to use is already associated with a different legal basis. This can occur in the context of financial transactions, particularly in the area of derivatives and trade reporting.
  Cause:
  
  Duplicate Trade ID: The Trade ID you are attempting to enter is already in use for another transaction with a different legal basis.
  Incorrect Data Entry: There may have been a mistake in entering the Trade ID or the legal basis.
  System Configuration: The system may not be configured correctly to handle multiple legal bases for the same Trade ID.
  
  Solution:
  
  Verify Trade ID: Check the Trade ID you are trying to use and ensure it is not already assigned to another legal basis. You can do this by querying the trade repository or relevant transaction logs.
  Use a Unique Trade ID: If the Trade ID is indeed in use, you will need to select a different, unique Trade ID for your transaction.
  Check Legal Basis: Ensure that the legal basis you are trying to assign to the Trade ID is correct and appropriate for the transaction.
  Consult Documentation: Review the SAP documentation or help files related to trade repository management to understand the requirements for Trade IDs and legal bases.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with SAP experts who can provide guidance based on your specific configuration and usage.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional context.
  Transaction Codes: Familiarize yourself with transaction codes related to trade management and reporting in SAP, such as FTR_CREATE, FTR_EDIT, or FTR_DISPLAY.
  Legal Basis Definitions: Understand the definitions and implications of different legal bases in your organization’s context, as this can affect how trades are recorded and reported.
  
  By following these steps, you should be able to resolve the error and proceed with your transaction.