How To Fix FTYC321 - Credit spread curve structure &1 is missing or incorrect

SAP Error Message - Details

• Message type: E = Error

• Message class: FTYC - Messages: Yield Curve Framework

• Message number: 321

• Message text: Credit spread curve structure &1 is missing or incorrect

What causes this issue?

The credit spread curve structure &V1& either does not exist or it is
inconsistent. One of the following reasons can apply:
The curve does not exist at all.
At least one of the assigned credit spread IDs does not exist.
The payment frequency of one of the assigned credit spread IDs is not
defined.

System Response

No interest rates or discount factors can be calculated. In the
Customizing activity
<DS:SIMG.RMCSC>Define Credit Spread Curve Structures</>, define
structures so that the curve is defined properly.
You can check the credit spread curve settings with the check function
in the above Customizing activity, or you can execute the check report
FTBB_YC_CSCCHECK using the <LS>ABAP Editor</> (transaction <AB>SE38</>)
to identify inconsistencies in the credit spread curve structures
currently set up.

How to fix this error?

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

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 FTYC321 - Credit spread curve structure &1 is missing or incorrect ?

  The SAP error message FTYC321 indicates that there is an issue with the credit spread curve structure in the system. This error typically arises in the context of financial instruments, particularly when dealing with credit risk management or valuation of financial products.
  Cause:
  
  Missing Curve Structure: The specified credit spread curve structure (denoted by &1 in the error message) is not defined in the system.
  Incorrect Configuration: The curve structure may exist but is incorrectly configured, leading to inconsistencies or errors in the data.
  Data Inconsistencies: There may be missing or incorrect data entries related to the credit spread curve.
  Authorization Issues: The user may not have the necessary permissions to access or modify the credit spread curve structure.
  
  Solution:
  
  
  Check Curve Structure Definition:
  
  Navigate to the relevant configuration settings in SAP (usually under the Financial Services or Treasury modules).
  Verify if the credit spread curve structure is defined. If it is missing, you will need to create it.
  
  
  
  Correct Configuration:
  
  If the curve structure exists, check its configuration for any inconsistencies or errors.
  Ensure that all required parameters and data points are correctly set up.
  
  
  
  Data Validation:
  
  Review the data entries related to the credit spread curve. Ensure that all necessary data is present and correctly formatted.
  If there are any discrepancies, correct them.
  
  
  
  Authorization Check:
  
  Ensure that the user encountering the error has the necessary authorizations to access and modify the credit spread curve structure.
  If not, work with your SAP security team to grant the appropriate permissions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on setting up and managing credit spread curves.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in managing credit spread curves, such as those for configuration or data entry.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify and resolve the issue related to the FTYC321 error message in SAP.