How To Fix FTR_TEX1719 - Due date should be less than or equal to residence time: &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TEX1 - Messages for raw exposures

• Message number: 719

• Message text: Due date should be less than or equal to residence time: &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TEX1719 - Due date should be less than or equal to residence time: &1 ?

  The SAP error message FTR_TEX1719 indicates that the due date for a financial transaction (such as a loan or investment) is set to a date that exceeds the allowed residence time. The residence time is the period during which a financial transaction is expected to remain active or valid. This error typically arises in the context of financial instruments, particularly in the Treasury module of SAP.
  Cause:
  The error occurs when:
  
  The due date of a financial transaction is set beyond the defined residence time.
  The residence time is configured in the system settings and is meant to ensure that transactions do not extend beyond a certain period for risk management or compliance reasons.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Residence Time Configuration:
  
  Navigate to the configuration settings for the financial instruments in SAP.
  Verify the residence time settings for the specific type of transaction you are working with. This can usually be found in the customizing settings under Financial Supply Chain Management or Treasury.
  
  
  
  Adjust the Due Date:
  
  If the due date of the transaction is indeed set incorrectly, adjust it to ensure it is within the allowed residence time.
  Make sure that the new due date is less than or equal to the residence time defined in the system.
  
  
  
  Review Transaction Details:
  
  Check the details of the transaction to ensure that all relevant dates (start date, end date, due date) are correctly set and logical according to the business process.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files related to financial transactions and residence time for further guidance on how to configure and manage these settings.
  
  
  
  Seek Help from SAP Support:
  
  If you are unable to resolve the issue, consider reaching out to SAP support or your internal SAP team for assistance. They may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Transaction Types: Different financial instruments may have different residence time settings. Ensure you are looking at the correct type.
  Customizing Settings: The residence time can often be customized based on business requirements, so it may vary from one organization to another.
  Testing Changes: After making any changes, it is advisable to test the transaction in a development or test environment before applying it to production.
  
  By following these steps, you should be able to resolve the FTR_TEX1719 error and ensure that your financial transactions comply with the defined residence time.