How To Fix FTR_TEX1636 - Fixed/Floating Price indicator &1 not valid for item with fixed price

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TEX1 - Messages for raw exposures

• Message number: 636

• Message text: Fixed/Floating Price indicator &1 not valid for item with fixed price

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TEX1636 - Fixed/Floating Price indicator &1 not valid for item with fixed price ?

  The SAP error message FTR_TEX1636 indicates that there is an issue with the Fixed/Floating Price indicator for a financial transaction item that is expected to have a fixed price. This error typically arises in the context of financial instruments or contracts where the pricing structure is critical.
  Cause:
  The error occurs when the system encounters a situation where:
  
  The Fixed/Floating Price indicator is set to a value that is not valid for the item being processed.
  The item is expected to have a fixed price, but the indicator is set to floating or is not properly configured.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Item Configuration:
  
  Review the configuration of the financial transaction item in question. Ensure that the Fixed/Floating Price indicator is set correctly according to the pricing structure of the item.
  
  
  
  Adjust the Indicator:
  
  If the item is indeed supposed to have a fixed price, ensure that the Fixed/Floating Price indicator is set to "Fixed."
  If the item should be floating, you may need to change the pricing structure or the item type to accommodate this.
  
  
  
  Review Contract or Instrument Settings:
  
  Check the settings of the contract or financial instrument associated with the item. Ensure that all relevant parameters align with the expected pricing model.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the Fixed/Floating Price indicator and its implications for your financial transactions.
  
  
  
  Test Changes:
  
  After making adjustments, test the transaction again to ensure that the error is resolved.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the configurations and making necessary adjustments, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Types: Understand the different transaction types and their pricing models in SAP, as this can help clarify the expected behavior of the Fixed/Floating Price indicator.
  Customizations: If your organization has custom configurations, ensure that these do not conflict with standard SAP behavior.
  User Roles and Authorizations: Ensure that the user making the changes has the appropriate authorizations to modify financial transaction settings.
  
  By following these steps, you should be able to identify the root cause of the FTR_TEX1636 error and implement a suitable solution.