How To Fix FTR_TEX1061 - No target currency; try to derive target currency for sub raw exposures

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TEX1 - Messages for raw exposures

• Message number: 061

• Message text: No target currency; try to derive target currency for sub raw exposures

What causes this issue?

No target currency was provided.

System Response

The system tries to derive the target currency during sub raw exposure
creation. No FX risk is considered if the system cannot derive the
target currency.

How to fix this error?

Provide a target currency if the system cannot derive it.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TEX1061 - No target currency; try to derive target currency for sub raw exposures ?

  The SAP error message FTR_TEX1061 indicates that there is no target currency defined for a transaction or exposure in the context of financial instruments, particularly in the Treasury module. This error typically arises when the system is unable to determine the target currency for sub-raw exposures during the processing of financial transactions.
  Cause:
  
  Missing Target Currency: The primary cause of this error is that the target currency is not specified for the financial transaction or exposure.
  Configuration Issues: There may be configuration issues in the system where the target currency settings are not properly defined for the relevant financial instruments.
  Data Inconsistencies: There could be inconsistencies in the data related to the financial instruments, such as missing or incorrect currency settings in the master data.
  Exposure Types: The exposure types may not have been set up correctly, leading to the inability to derive the target currency.
  
  Solution:
  
  Define Target Currency: Ensure that the target currency is defined for the relevant financial transaction or exposure. This can typically be done in the transaction settings or master data.
  Check Configuration: Review the configuration settings in the SAP system for Treasury and Risk Management (TRM) to ensure that the target currency is properly set up for the financial instruments being used.
  Review Master Data: Check the master data for the financial instruments involved to ensure that all necessary currency information is correctly maintained.
  Exposure Type Settings: Verify the settings for exposure types to ensure that they are configured to allow for the derivation of target currencies.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on how to set up target currencies in your version of SAP.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FTR_EDIT or FTR_CREATE to edit or create financial transactions and ensure that the target currency is specified.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles and Authorizations: Ensure that the user has the necessary roles and authorizations to make changes to financial transactions and configurations.
  Testing: After making changes, perform testing to ensure that the error does not reoccur and that the target currency is being derived correctly.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Treasury and Risk Management.