How To Fix FTR_TREA702 - Novation not reversable for comp. code &, tr. &, pr. type &, tr. type &

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TREA - Messages for TREA

• Message number: 702

• Message text: Novation not reversable for comp. code &, tr. &, pr. type &, tr. type &

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TREA702 - Novation not reversable for comp. code &, tr. &, pr. type &, tr. type & ?

  The SAP error message FTR_TREA702 indicates that a novation (the process of replacing one of the parties in a contract) cannot be reversed for a specific combination of company code, transaction, product type, and transaction type. This error typically arises in the context of financial transactions, particularly in treasury and risk management modules.
  Causes:
  
  Transaction Status: The transaction may be in a status that does not allow for reversal. For example, if the transaction has already been settled or has been processed in a way that makes it irreversible.
  Novation Process: The novation process may have been completed, and the system does not allow for reversing it due to business rules or configurations.
  Configuration Issues: There may be specific settings in the system that prevent the reversal of novation transactions for certain product types or transaction types.
  Data Integrity: There may be inconsistencies or issues with the data related to the transaction that prevent the reversal.
  
  Solutions:
  
  Check Transaction Status: Verify the status of the transaction in question. If it has been settled or processed, you may need to follow a different procedure to correct or adjust the transaction.
  Review Novation Process: Ensure that the novation process was completed correctly. If there were any errors during the novation, you may need to address those first.
  Consult Configuration: Review the configuration settings in the SAP system related to treasury and risk management. Ensure that the settings allow for the reversal of novation transactions where appropriate.
  Use Alternative Methods: If the transaction cannot be reversed, consider using alternative methods to correct the financial records, such as creating a new transaction to offset the effects of the original transaction.
  Seek Help from SAP Support: If the issue persists, consider reaching out to SAP support or consulting with a functional expert who specializes in treasury and risk management to get more tailored assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to treasury management, such as FTR_EDIT (to edit financial transactions) or FTR_CREATE (to create new transactions).
  Documentation: Review SAP documentation or help files related to treasury management and novation processes for more detailed guidance.
  User Forums: Engage with SAP user communities or forums where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to diagnose the cause of the error and implement a suitable solution.