How To Fix FTR_MIR101 - Transaction(s) rejected: "Valid To" date has passed

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_MIR - Messages for Mirror Transactions

• Message number: 101

• Message text: Transaction(s) rejected: "Valid To" date has passed

What causes this issue?

You have requested and received rates or prices from partner &V1&. The
offer to conclude transactions at these rates was valid until &V2& &V3&
.
This deadline has now passed and the partner has rejected the
transactions.

How to fix this error?

To conclude a transaction you must request a new rate/price offer.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_MIR101 - Transaction(s) rejected: "Valid To" date has passed ?

  The SAP error message FTR_MIR101 indicates that a transaction has been rejected because the "Valid To" date for a financial transaction or contract has already passed. This typically occurs in the context of financial instruments, such as derivatives or other financial contracts, where the validity period is strictly enforced.
  Cause:
  
  Expired Validity Period: The most common cause of this error is that the transaction you are trying to process has a "Valid To" date that is earlier than the current date. This means that the transaction is no longer valid for processing.
  Incorrect Date Entry: There may have been an error in entering the dates when the transaction was created or modified.
  System Configuration: In some cases, the system configuration or settings related to the financial instruments may not be aligned with the intended validity periods.
  
  Solution:
  
  Check the Valid To Date: Review the transaction details to confirm the "Valid To" date. If it has indeed passed, you will need to take corrective action.
  Update the Transaction: If the transaction is still relevant, you may need to extend the "Valid To" date. This can typically be done by editing the transaction in the SAP system, provided you have the necessary permissions.
  Create a New Transaction: If the original transaction is no longer valid and cannot be updated, you may need to create a new transaction with the correct dates.
  Consult with Your Team: If you are unsure about how to proceed, consult with your finance or SAP support team to ensure that you are following the correct procedures.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to financial instruments, such as FTR_CREATE (Create Financial Transaction) or FTR_EDIT (Edit Financial Transaction).
  Documentation: Refer to SAP documentation or user manuals for specific details on managing financial transactions and understanding validity periods.
  User Permissions: Ensure that you have the necessary permissions to modify or create transactions in the SAP system.
  Training: If you frequently encounter this error, consider additional training on SAP financial transactions to better understand the system's requirements and constraints.
  
  By addressing the cause of the error and following the suggested solutions, you should be able to resolve the FTR_MIR101 error and proceed with your financial transactions in SAP.