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

FTR_GUI575 - Overview

• 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