How To Fix FTR_GUI575 - You already reported external trade ID &1, you may not use it again

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_GUI - TR Transaction Management

• Message number: 575

• Message text: You already reported external trade ID &1, you may not use it again

What causes this issue?

You already used the external trade ID &V1& for the financial
transaction &V2& &V3&. Although the transaction is terminated at the
trade repository you and your counterparty may need to agree on a new
external trade ID according to the ESMA/EMIR level 2 validation.

System Response

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

How to fix this error?

Check your external trade ID &V1& and try to correct it. Your trade
repository may reject invalid external trade IDs.

Procedure for System Administrators

This message is adjustable.
You or your system administrator may change its behaviour in the
Customizing of the <LS>Transaction Manager</> under <LS>General Settings
-> Tools -> Configurable Message ->
<DS:SIMG.OBA5>Change Message Control</>.</> (<LS>Application Area</>
FTR_GUI, <LS>MsgNo</> 575)

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_GUI575 - You already reported external trade ID &1, you may not use it again ?

  The SAP error message FTR_GUI575 indicates that you are trying to report an external trade ID that has already been used in the system. This typically occurs in the context of financial transactions, particularly in the area of treasury and risk management, where external trade IDs are used to uniquely identify trades.
  Cause:
  
  Duplicate Reporting: The external trade ID you are trying to use has already been reported in the system. SAP does not allow the same external trade ID to be reported multiple times to maintain data integrity.
  Incorrect Data Entry: There may have been a mistake in entering the trade ID, leading to the attempt to report the same ID again.
  System Configuration: In some cases, system settings or configurations may lead to this error if they are not set up to handle duplicate entries appropriately.
  
  Solution:
  
  Check Existing Entries: Verify if the external trade ID you are trying to report already exists in the system. You can do this by searching for the trade ID in the relevant transaction or report.
  Use a Unique Trade ID: If you need to report a new trade, ensure that you are using a unique external trade ID that has not been used before.
  Correct Data Entry: Double-check the trade ID you are entering for any typographical errors or discrepancies.
  Consult Documentation: Review the relevant SAP documentation or user guides for your specific module to understand the requirements for external trade IDs.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  Transaction Codes: Familiarize yourself with the relevant transaction codes in SAP that deal with external trade reporting, such as those in the Treasury module.
  User Roles and Permissions: Ensure that your user role has the necessary permissions to report trades and that there are no restrictions in place that could lead to this error.
  
  By following these steps, you should be able to identify the cause of the error and take appropriate action to resolve it.