How To Fix FTYC021 - Yield curve &1 in &2 is missing or incorrect

SAP Error Message - Details

• Message type: E = Error

• Message class: FTYC - Messages: Yield Curve Framework

• Message number: 021

• Message text: Yield curve &1 in &2 is missing or incorrect

What causes this issue?

The yield curve &V1& in &V2& does not exist or is inconsistent. This can
have one of the following reasons:
The curve does not exist at all.
At least one of the assigned reference interest rates does not exist.
The payment frequency of the yield curve type or one of the assigned
reference interest rates is not defined.
Settings of the yield curve and/or some reference interest rates are
incomplete because the settings are not migrated to the yield curve
framework.

System Response

No interest rates or discount factors can be calculated.

How to fix this error?

Adjust the Customizing settings under
<DS:SIMG.JBGKN>Define Yield Curve Types</> so that the curve is defined
properly.
You can check the yield curve settings with the check function within
the Customizing activity or you can execute the check report
FTBB_YC_YCCHECK using <LS>ABAP Editor</> (transaction <AB>SE38</>) to
identify inconsistencies in how the yield curves are set up.

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 FTYC021 - Yield curve &1 in &2 is missing or incorrect ?

  The SAP error message FTYC021 indicates that there is an issue with the yield curve configuration in the system. This error typically arises in the context of financial transactions, particularly in areas related to treasury and risk management, where yield curves are used for valuation and pricing of financial instruments.
  Cause:
  
  Missing Yield Curve: The specified yield curve does not exist in the system for the given date or period.
  Incorrect Configuration: The yield curve may be incorrectly configured, meaning that the parameters or data points required for the curve are missing or invalid.
  Date Issues: The yield curve might not be valid for the date being referenced in the transaction.
  Master Data Issues: Related master data (like interest rate types or currency) may not be set up correctly.
  
  Solution:
  
  
  Check Yield Curve Configuration:
  
  Go to the transaction code for yield curve maintenance (e.g., TCURV or OTC1).
  Verify that the yield curve specified in the error message exists and is correctly configured.
  Ensure that the curve is valid for the relevant date.
  
  
  
  Create or Update Yield Curve:
  
  If the yield curve is missing, create a new yield curve with the required parameters.
  If it exists but is incorrect, update the curve with the correct data points.
  
  
  
  Check Related Master Data:
  
  Ensure that all related master data (like interest rate types, currencies, etc.) is correctly set up and linked to the yield curve.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific details on yield curve configuration and requirements.
  
  
  
  Testing:
  
  After making changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as TCURV (for yield curve maintenance) and OTC1 (for interest rate type maintenance).
  SAP Notes: Check SAP Notes for any known issues or patches related to yield curves and the specific error message.
  User Roles: Ensure that you have the necessary authorizations to create or modify yield curves in the system.
  Consult with SAP Support: If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  By following these steps, you should be able to identify and resolve the issue related to the FTYC021 error message in SAP.