How To Fix FVER056 - Currency of premium missing when converting convertible bond &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 056

• Message text: Currency of premium missing when converting convertible bond &1

What causes this issue?

The currency of the premium for converting the bond with ID number &V1&
is missing.

How to fix this error?

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVER056 - Currency of premium missing when converting convertible bond &1 ?

  The SAP error message FVER056 indicates that there is a missing currency for the premium when converting a convertible bond. This error typically arises during the processing of convertible bonds in the SAP system, particularly when trying to convert the bond into shares or when calculating the premium associated with the conversion.
  Cause:
  
  Missing Currency Configuration: The currency for the premium may not be defined in the system for the specific convertible bond.
  Data Entry Error: There may be an oversight in the data entry where the currency for the premium was not specified.
  Master Data Issues: The master data for the convertible bond may be incomplete or incorrectly configured, leading to missing currency information.
  Inconsistent Currency Settings: There may be inconsistencies in the currency settings between the bond and the associated financial instruments.
  
  Solution:
  
  Check Master Data: Review the master data for the convertible bond to ensure that all necessary fields, including the currency for the premium, are correctly filled out.
  Update Currency Information: If the currency is missing, update the relevant records to include the correct currency for the premium.
  Review Configuration Settings: Ensure that the configuration settings for convertible bonds in the SAP system are correctly set up to handle currency information.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling convertible bonds and their associated currencies.
  Test Transactions: After making the necessary updates, perform test transactions to ensure that the error does not reoccur.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as SE11 (Data Dictionary) or SE37 (Function Module) to investigate the underlying data structures and function modules related to convertible bonds.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling convertible bonds.
  User Roles and Authorizations: Ensure that the user has the necessary roles and authorizations to make changes to the master data and configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a technical consultant who specializes in financial instruments within SAP.