How To Fix FTR_TEX1416 - No hedge plan maintained for position &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TEX1 - Messages for raw exposures

• Message number: 416

• Message text: No hedge plan maintained for position &1

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TEX1416 - No hedge plan maintained for position &1 ?

  The SAP error message FTR_TEX1416, which states "No hedge plan maintained for position &1," typically occurs in the context of financial transactions, particularly in the area of treasury and risk management. This error indicates that there is no hedge plan defined for the specified position, which is necessary for managing financial risks associated with that position.
  Cause:
  
  Missing Hedge Plan: The primary cause of this error is that a hedge plan has not been created or assigned to the financial position in question.
  Incorrect Configuration: There may be issues with the configuration settings in the SAP system related to hedge accounting.
  Data Entry Errors: The position might have been incorrectly set up or the relevant data might not have been entered properly.
  
  Solution:
  
  
  Create a Hedge Plan:
  
  Navigate to the hedge management section in SAP.
  Create a new hedge plan for the position specified in the error message.
  Ensure that all necessary details are filled out correctly.
  
  
  
  Assign Hedge Plan to Position:
  
  If a hedge plan already exists, ensure that it is correctly assigned to the position in question.
  Check the position details and link the appropriate hedge plan.
  
  
  
  Review Configuration:
  
  Check the configuration settings for hedge accounting in the SAP system.
  Ensure that all necessary settings are in place for hedge management.
  
  
  
  Data Validation:
  
  Validate the data entered for the position to ensure that it is complete and accurate.
  Look for any discrepancies or missing information that could lead to this error.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on hedge plans and treasury management.
  
  
  
  Contact Support:
  
  If the issue persists after trying the above solutions, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Hedge Accounting: Understanding the principles of hedge accounting can help in setting up hedge plans correctly.
  SAP Transaction Codes: Familiarize yourself with relevant transaction codes (e.g., FTR_CREATE for creating hedge plans) that can assist in managing hedge plans.
  Training and Resources: Consider training sessions or resources on SAP Treasury and Risk Management to better understand the functionalities and configurations.
  
  By addressing the missing hedge plan and ensuring proper configuration, you should be able to resolve the FTR_TEX1416 error effectively.