How To Fix FTR_TRES066 - Corporate action found for &1 on &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TRES -

• Message number: 066

• Message text: Corporate action found for &1 on &2

What causes this issue?

The Corporate Action is found for the underlying used in this TRES deal
with key date between the Start Term and End Term of the deal.

System Response

This deal cannot be saved

How to fix this error?

Change the Start Term or End Date so that the Corporate Action key date
is not between them. Also if Start Term or End Date cannot be change you
can Reverse Corporate Action using transaction FWKS, try to save this
deal and then Post the Corporate Action again but this will also affect
many other Securities, Forward Stock Transaction and Total Return Swap
deals which use this Security ID.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TRES066 - Corporate action found for &1 on &2 ?

  The SAP error message FTR_TRES066 indicates that a corporate action has been found for a specific financial instrument on a given date. This message typically arises in the context of financial transactions, particularly when dealing with securities and their associated corporate actions (like dividends, stock splits, mergers, etc.).
  Cause:
  The error message is triggered when:
  
  A corporate action is scheduled for the financial instrument (identified by &1) on the specified date (&2).
  The system is attempting to process a transaction that conflicts with the corporate action, such as a trade or settlement that cannot occur due to the corporate action's impact.
  
  Solution:
  To resolve this error, consider the following steps:
  
  
  Review Corporate Actions: Check the corporate actions scheduled for the financial instrument. You can do this by navigating to the relevant transaction in SAP that allows you to view corporate actions (e.g., transaction code FTR_EDIT or FTR_LIST).
  
  
  Adjust Transaction Date: If possible, adjust the date of the transaction you are trying to process to a date that does not conflict with the corporate action.
  
  
  Postpone or Cancel Transaction: If the transaction is not urgent, consider postponing or canceling it until after the corporate action has been processed.
  
  
  Consult Documentation: Review the documentation related to the specific corporate action to understand its implications on transactions.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with a financial expert who understands the implications of corporate actions in your specific context.
  
  
  Related Information:
  
  Corporate Actions: These are events initiated by a company that affect its securities. Examples include stock splits, dividends, rights issues, and mergers.
  SAP Modules: This error is typically encountered in the SAP Financial Services (FS) module, particularly in the context of Treasury and Risk Management (TRM).
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing corporate actions and financial instruments, such as FTR_CREATE, FTR_EDIT, and FTR_LIST.
  
  By following these steps, you should be able to address the FTR_TRES066 error effectively.