How To Fix FWTR084 - Price &1 is not a multiple of tick &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FWTR - Securities Transaction Management

• Message number: 084

• Message text: Price &1 is not a multiple of tick &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FWTR084 - Price &1 is not a multiple of tick &2 ?

  The SAP error message FWTR084 indicates that there is a pricing issue related to a financial transaction or a pricing condition in the system. Specifically, the message states that the price specified (denoted as &1) is not a multiple of the tick size (denoted as &2). This typically occurs in scenarios involving financial instruments, such as derivatives or securities, where prices must adhere to specific increments or tick sizes.
  Cause:
  
  Incorrect Pricing: The price entered for a financial instrument does not conform to the required tick size. For example, if the tick size is 0.01, a price of 10.03 would be valid, but a price of 10.05 would not be if the tick size is 0.02.
  Configuration Issues: The tick size may not be correctly configured in the system for the specific financial instrument or trading scenario.
  Data Entry Errors: Manual entry of prices may lead to mistakes, resulting in non-compliance with the tick size requirements.
  
  Solution:
  
  Check the Price: Verify the price you are trying to enter. Ensure that it is a multiple of the defined tick size. You can calculate this by dividing the price by the tick size and checking if the result is an integer.
  Adjust the Price: If the price is not a multiple of the tick size, adjust it to the nearest valid price that complies with the tick size.
  Review Configuration: If you believe the tick size is incorrect, review the configuration settings in the SAP system. This may involve checking the settings for the financial instrument or the trading environment.
  Consult Documentation: Refer to the relevant SAP documentation or help resources for guidance on pricing rules and tick sizes specific to your financial instruments.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with a financial expert familiar with the system.
  
  Related Information:
  
  Tick Size: This is the minimum price movement of a trading instrument. It is essential for ensuring that trades are executed at acceptable price levels.
  Financial Instruments: Understanding the specific financial instruments you are dealing with can help clarify the pricing rules and tick sizes that apply.
  SAP Configuration: Familiarity with the configuration settings in SAP for financial transactions can help prevent similar issues in the future.
  
  By following these steps, you should be able to resolve the FWTR084 error and ensure that your pricing adheres to the required standards.