How To Fix FTR_TREA703 - Reversal failed for comp. code &, trans. &, prod. type &, trans. type &

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TREA - Messages for TREA

• Message number: 703

• Message text: Reversal failed for comp. code &, trans. &, prod. type &, trans. 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_TREA703 - Reversal failed for comp. code &, trans. &, prod. type &, trans. type & ?

  The SAP error message FTR_TREA703 indicates that a reversal operation for a financial transaction has failed. This error typically occurs in the context of Treasury and Risk Management (TRM) when trying to reverse a transaction related to financial instruments, such as derivatives or other treasury-related entries.
  Causes:
  
  Incorrect Transaction Data: The transaction you are trying to reverse may not exist or may have been altered since it was created.
  Posting Period Issues: The posting period for the transaction may be closed, preventing any changes or reversals.
  Authorization Issues: The user may not have the necessary authorizations to perform the reversal.
  Configuration Issues: There may be configuration settings in the system that prevent the reversal of certain types of transactions.
  Dependencies on Other Transactions: The transaction may have dependencies on other transactions that need to be addressed before a reversal can occur.
  
  Solutions:
  
  Verify Transaction Data: Check the transaction number, company code, and other details to ensure they are correct and that the transaction exists.
  Check Posting Period: Ensure that the posting period for the transaction is open. If it is closed, you may need to reopen it or use a different period for the reversal.
  Review Authorizations: Ensure that the user attempting the reversal has the necessary permissions to perform this action.
  Consult Configuration: Review the configuration settings in the Treasury module to ensure that reversals are allowed for the specific transaction type you are working with.
  Check Dependencies: Investigate if there are any related transactions that need to be reversed or adjusted before you can reverse the target transaction.
  
  Related Information:
  
  Transaction Codes: You may want to use transaction codes like FTR_EDIT or FTR_CREATE to view or edit the transaction details.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP frequently updates its knowledge base with solutions for common errors.
  Documentation: Review the SAP documentation for Treasury and Risk Management to understand the specific requirements and processes for reversing transactions.
  Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in Treasury and Risk Management.
  
  By following these steps, you should be able to identify the cause of the error and take appropriate action to resolve it.