How To Fix FVER173 - There is a later exercise for the right (ID no.: &2, futures acct: &3)

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 173

• Message text: There is a later exercise for the right (ID no.: &2, futures acct: &3)

What causes this issue?

In company code &v1& you want to reverse the exercise of the security
right with ID number &v2& on &v3& in futures account &v4&. This security
right is exercised later in this futures account, however.

System Response

The system cannot reverse the exercise of the security right.

How to fix this error?

You must reverse the most recent exercise of the security right with the
ID number in the relevant futures account beforehand.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVER173 - There is a later exercise for the right (ID no.: &2, futures acct: &3) ?

  The SAP error message FVER173 indicates that there is a later exercise for the right associated with a specific ID number and futures account. This typically occurs in the context of financial transactions involving derivatives or futures contracts, where the system is trying to process an exercise or settlement but finds that there is a later exercise already scheduled.
  Cause:
  
  Later Exercise Exists: The primary cause of this error is that there is a later exercise date for the financial instrument (right) that you are trying to process. This means that the system has detected that the exercise you are attempting to execute is not the most current or valid exercise option available.
  Incorrect Data Entry: There may be an issue with the data entered, such as the wrong ID number or futures account being referenced.
  System Configuration: There could be configuration issues in the SAP system related to the handling of exercises for financial instruments.
  
  Solution:
  
  Check Exercise Dates: Review the exercise dates for the financial instrument in question. Ensure that you are trying to process the correct exercise that is valid and not superseded by a later one.
  Review Transaction Data: Verify the ID number and futures account you are using. Make sure they are correct and correspond to the intended transaction.
  Consult Documentation: Refer to the SAP documentation or help resources for specific details on how to handle exercises for the financial instruments you are working with.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with a financial expert who is familiar with SAP's financial modules.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional troubleshooting steps.
  Transaction Codes: Familiarize yourself with the relevant transaction codes in SAP that pertain to futures and options exercises, such as those used for managing financial instruments.
  User Roles and Permissions: Ensure that you have the necessary permissions to execute exercises for the financial instruments in question, as restrictions may lead to errors.
  
  By following these steps, you should be able to identify the cause of the FVER173 error and take appropriate action to resolve it.