How To Fix FTR_TEX1709 - Residence time should be at least greater than 30 days

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TEX1 - Messages for raw exposures

• Message number: 709

• Message text: Residence time should be at least greater than 30 days

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TEX1709 - Residence time should be at least greater than 30 days ?

  The SAP error message FTR_TEX1709, which states "Residence time should be at least greater than 30 days," typically occurs in the context of financial transactions, particularly in the area of treasury and risk management. This error is related to the residence time of a financial instrument or transaction, which is a measure of how long an asset or liability is held before it is settled or matured.
  
  Cause:
  The error is triggered when a financial transaction or instrument is set up with a residence time that is less than the required minimum of 30 days. This can happen due to:
  
  Incorrect Configuration: The settings for the financial instrument may not comply with the business rules or regulatory requirements that dictate a minimum holding period.
  Data Entry Error: When entering transaction details, the residence time may have been mistakenly set to a value below 30 days.
  Business Process Changes: Changes in business processes or regulations may