How To Fix FVER055 - Premium missing when converting convertible bond &1

FVER055 - Overview

• Message type: E = Error

• Message class: FVER - Message Class for Executable Security Rights

• Message number: 055

• Message text: Premium missing when converting convertible bond &1

What causes this issue?

Convertible bond with ID number &V1& has no premium for converting it
into a stock.

How to fix this error?

To convert the bond, you must first enter the premium in the class
data.

Error message extract from SAP system. Copyright SAP SE.

FVER055 - Details

• The SAP error message FVER055 indicates that there is a missing premium when converting a convertible bond. This error typically arises during the conversion process of a convertible bond into equity or another financial instrument. Here’s a breakdown of the cause, potential solutions, and related information:
  
  Cause:
  
  Missing Premium Data: The premium associated with the convertible bond is not defined in the system. This could be due to incorrect or incomplete master data for the bond.
  
  Configuration Issues: The configuration settings for convertible bonds in the SAP system may not be set up correctly, leading to the system not recognizing the premium.
  Data Entry Errors: There may be errors in the data entry for the bond or the conversion transaction, leading to the absence of the premium information.
  Inconsistent Data: The data in the system may be inconsistent, such as missing entries in related tables that store premium information.
  
  
  Solution:
  
  Check Master Data: Verify the master data