How To Fix FTR_TRES006 - Product type & does not belong to OTC Total Return Swaps

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TRES -

• Message number: 006

• Message text: Product type & does not belong to OTC Total Return Swaps

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TRES006 - Product type & does not belong to OTC Total Return Swaps ?

  The SAP error message FTR_TRES006 indicates that the product type you are trying to use does not belong to the category of OTC (Over-the-Counter) Total Return Swaps (TRS). This error typically arises in the context of financial transactions involving derivatives, particularly when dealing with financial instruments in SAP's Treasury and Risk Management module.
  Cause:
  
  Incorrect Product Type: The product type you are trying to use is not configured as a Total Return Swap in the system.
  Configuration Issues: The product type may not be properly set up in the system to be recognized as an OTC TRS.
  Data Entry Error: There may be a mistake in the data entry where an incorrect product type is selected.
  
  Solution:
  
  
  Check Product Type Configuration:
  
  Go to the configuration settings in SAP and verify that the product type you are using is indeed set up as a Total Return Swap.
  You can check this in the Customizing settings under Financial Supply Chain Management > Treasury and Risk Management > Transaction Manager > Product Types.
  
  
  
  Use Correct Product Type:
  
  Ensure that you are selecting the correct product type that is designated for OTC Total Return Swaps. If you are unsure, consult with your SAP administrator or a colleague familiar with the product types in your system.
  
  
  
  Review Transaction Data:
  
  Double-check the transaction data you are entering to ensure that all fields are filled out correctly and that the product type aligns with the transaction you are trying to execute.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for guidance on the specific product types and their classifications.
  
  
  
  Contact Support:
  
  If the issue persists after checking the configuration and data entry, consider reaching out to SAP support or your internal IT support team for further assistance.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional context.
  Training and Documentation: Ensure that users involved in entering financial transactions are trained on the correct usage of product types in SAP.
  Testing: If changes are made to the configuration, conduct thorough testing to ensure that the error does not occur again.
  
  By following these steps, you should be able to resolve the FTR_TRES006 error and ensure that the correct product types are being used for your OTC Total Return Swaps in SAP.