How To Fix FTYC221 - Basis spread curve &1 in currency/tenor pair &2 is missing or incorrect

SAP Error Message - Details

• Message type: E = Error

• Message class: FTYC - Messages: Yield Curve Framework

• Message number: 221

• Message text: Basis spread curve &1 in currency/tenor pair &2 is missing or incorrect

What causes this issue?

The basis spread curve &V1& in currency/tenor pair &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 basis spread IDs does not exist.
The payment frequency of one of the assigned basis spread IDs is not
defined.

System Response

No interest rates or discount factors can be calculated.

How to fix this error?

Adjust the Customizing settings under
<DS:SIMG.RMBSC>Define Basis Spread Curve Types</> so that the curve is
defined properly.
You can check the basis spread curve settings with the check function
within the Customizing activity, or you can execute the check report
FTBB_YC_BSCCHECK using <LS>ABAP Editor</> (transaction <AB>SE38</>) to
identify inconsistencies in how the basis spread 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 FTYC221 - Basis spread curve &1 in currency/tenor pair &2 is missing or incorrect ?

  The SAP error message FTYC221 indicates that there is an issue with the basis spread curve for a specific currency and tenor pair in the system. This error typically arises in the context of financial instruments, particularly in the area of treasury and risk management, where basis spreads are used to adjust interest rates for different currencies or maturities.
  Cause:
  
  Missing Basis Spread Curve: The specified basis spread curve for the given currency and tenor pair does not exist in the system.
  Incorrect Configuration: The basis spread curve may be incorrectly configured or not properly defined in the system.
  Data Inconsistency: There may be inconsistencies in the data related to the basis spread curves, such as incorrect dates, values, or currency codes.
  System Updates: Recent updates or changes in the system may have affected the configuration or availability of the basis spread curves.
  
  Solution:
  
  Check Configuration: Verify that the basis spread curve for the specified currency and tenor pair is correctly configured in the system. This can typically be done in the SAP transaction codes related to treasury management (e.g., TBB1, TBB2).
  Create or Update Basis Spread Curve: If the basis spread curve is missing, you may need to create it. If it exists but is incorrect, update it with the correct values.
  Review Data: Check for any data inconsistencies or errors in the configuration. Ensure that all necessary parameters (like currency codes, tenor definitions, etc.) are correctly defined.
  Consult Documentation: Refer to SAP documentation or help resources for guidance on how to manage basis spread curves.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with SAP experts who can provide assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for managing basis spread curves, such as:
  
  TBB1: Create Basis Spread Curve
  TBB2: Change Basis Spread Curve
  TBB3: Display Basis Spread Curve
  
  
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide specific fixes or updates.
  User Roles: Ensure that you have the necessary permissions to create or modify basis spread curves in the system.
  
  By following these steps, you should be able to identify and resolve the issue related to the FTYC221 error message in SAP.