How To Fix FTR_TEX1635 - Fixed/Floating Price indicator &1 not valid for item w. floating prices

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TEX1 - Messages for raw exposures

• Message number: 635

• Message text: Fixed/Floating Price indicator &1 not valid for item w. floating prices

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TEX1635 - Fixed/Floating Price indicator &1 not valid for item w. floating prices ?

  The SAP error message FTR_TEX1635 indicates that there is an issue with the Fixed/Floating Price indicator for a financial transaction item that is expected to have floating prices. This error typically arises in the context of financial instruments, particularly in the Treasury module of SAP.
  Cause:
  The error occurs when the system encounters a fixed price indicator for an item that is supposed to have a floating price. This can happen due to several reasons:
  
  Incorrect Configuration: The configuration settings for the financial instrument may not align with the expected pricing type (fixed vs. floating).
  Data Entry Error: There may be an error in the data entry where the wrong price indicator is assigned to the transaction item.
  Inconsistent Master Data: The master data for the financial instrument may not be set up correctly, leading to mismatches in expected pricing types.
  
  Solution:
  To resolve the FTR_TEX1635 error, you can take the following steps:
  
  
  Check the Transaction Item:
  
  Review the transaction item that triggered the error. Ensure that the Fixed/Floating Price indicator is set correctly according to the nature of the financial instrument.
  
  
  
  Review Configuration Settings:
  
  Go to the configuration settings in the SAP system (Transaction SPRO) and check the settings for the financial instruments. Ensure that the settings for fixed and floating prices are correctly defined.
  
  
  
  Correct Data Entry:
  
  If the error is due to incorrect data entry, correct the Fixed/Floating Price indicator in the transaction item. You can do this by editing the transaction in the relevant SAP module.
  
  
  
  Check Master Data:
  
  Verify the master data for the financial instrument. Ensure that the pricing type is correctly defined and matches the expected behavior for the transaction.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the financial instrument you are working with. This can provide insights into the expected configurations and settings.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration and setup.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FTR_EDIT (to edit financial transactions) and FTR_CREATE (to create new financial transactions).
  User Roles: Ensure that you have the appropriate permissions to make changes to financial transactions and configurations in SAP.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Treasury and Risk Management.