How To Fix FTYC325 - Spreads missing: credit spread curve &1, reference entity &2, date &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FTYC - Messages: Yield Curve Framework

• Message number: 325

• Message text: Spreads missing: credit spread curve &1, reference entity &2, date &3

What causes this issue?

Credit spreads are missing: credit spread curve structure &V1&,
reference entity &V2&, date &V3&
This may be due to the following:
No credit spreads exist for any of the credit spread grid points of the
credit spread curve.
Although credit spreads exist, they are older than the maximum age of
&V4& day(s). The maximum age is defined in Customizing for the credit
spread curve structure but can be redefined in the settings of the
evaluation type.
Credit spreads for a specific validity date have been identified but not
for all the grid points indicated as mandatory
for the credit spread curve structure 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?

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 FTYC325 - Spreads missing: credit spread curve &1, reference entity &2, date &3 ?

  The SAP error message FTYC325 indicates that there are missing credit spreads for a specific credit spread curve, reference entity, and date. This error typically arises in the context of financial transactions involving credit derivatives or structured finance products where credit risk is assessed using credit spreads.
  Cause:
  
  
  Missing Data: The primary cause of this error is that the system cannot find the required credit spread data for the specified reference entity and date. This could be due to:
  
  The credit spread curve not being defined or activated in the system.
  The reference entity not having any associated credit spreads for the specified date.
  Data not being loaded or updated in the system for the relevant period.
  
  
  
  Configuration Issues: There may be configuration issues in the credit risk management module or the financial instruments module that prevent the system from accessing the necessary data.
  
  
  Data Source Issues: If the credit spreads are sourced from an external data provider, there may be issues with the data feed or integration.
  
  
  Solution:
  
  
  Check Credit Spread Curves: Verify that the credit spread curve for the specified reference entity is defined and active in the system. You can do this by navigating to the relevant configuration settings in SAP.
  
  
  Update Data: Ensure that the credit spread data is up-to-date. If the data is sourced externally, check the integration settings and ensure that the latest data has been imported into the system.
  
  
  Review Reference Entities: Confirm that the reference entity is correctly set up in the system and that it has the necessary credit spread data for the specified date.
  
  
  Consult Documentation: Review SAP documentation or help resources related to credit risk management and financial instruments to ensure that all necessary configurations are in place.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal IT team for further assistance. They may be able to provide insights based on system logs or configuration settings.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to credit risk management, such as those for managing credit spread curves and reference entities.
  Data Maintenance: Regularly maintain and update credit spread data to avoid similar issues in the future.
  Training: Consider training for users involved in managing financial instruments and credit risk to ensure they understand how to handle such errors effectively.
  
  By addressing the underlying causes and ensuring that the necessary data is available and correctly configured, you can resolve the FTYC325 error and prevent it from occurring in the future.