How To Fix FTYC225 - Spreads missing: basis spread curve &1, currency/tenor pair &2, date &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FTYC - Messages: Yield Curve Framework

• Message number: 225

• Message text: Spreads missing: basis spread curve &1, currency/tenor pair &2, date &3

What causes this issue?

Basis spreads are missing: basis spread curve &V1&, currency/tenor pair
&V2&, date &V3&.
This may be due to the following:
No basis spreads exist for any of the basis spread grid points of the
basis spread curve.
Although basis spreads exist, they are older than the maximum age
defined in Customizing for the basis spread curve.
Basis spreads for a specific validity date have been identified but not
for all the grid points indicated as mandatory for the basis spread
curve in Customizing.

System Response

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

How to fix this error?

Check and correct your settings in the activity
<DS:SIMG.RMBSM>Enter Basis Spreads</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTYC225 - Spreads missing: basis spread curve &1, currency/tenor pair &2, date &3 ?

  The SAP error message FTYC225 indicates that there is a missing basis spread curve for a specific currency/tenor pair on a given date. 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 the pricing of financial products.
  Cause:
  
  
  Missing Basis Spread Curve: The primary cause of this error is that the system cannot find the required basis spread curve for the specified currency and tenor on the given date. This could be due to:
  
  The curve not being defined in the system.
  The curve not being activated for the specified date.
  Incorrect configuration or data entry.
  
  
  
  Data Entry Issues: There may be errors in the data entry for the currency, tenor, or date, leading the system to look for a curve that does not exist.
  
  
  Configuration Issues: The configuration settings for the basis spread curves may not be set up correctly in the SAP system.
  
  
  Solution:
  
  
  Check Basis Spread Curves:
  
  Navigate to the relevant configuration area in SAP (usually under Treasury and Risk Management).
  Verify if the basis spread curve for the specified currency and tenor exists.
  Ensure that the curve is activated for the date in question.
  
  
  
  Create or Update Basis Spread Curves:
  
  If the curve is missing, you may need to create it. This involves defining the curve parameters and ensuring it is correctly set up in the system.
  If the curve exists but is not activated for the required date, you may need to adjust the validity dates.
  
  
  
  Review Data Entry:
  
  Double-check the currency, tenor, and date inputs to ensure they are correct and match the existing curves.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific instructions on managing basis spread curves.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in Treasury and Risk Management.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  Transaction Codes: Familiarize yourself with transaction codes related to Treasury and Risk Management, such as those for managing curves and financial instruments.
  Training and Documentation: Ensure that users involved in data entry and configuration are adequately trained on the system and understand how to manage basis spread curves.
  
  By following these steps, you should be able to identify the cause of the FTYC225 error and implement the necessary solutions to resolve it.