How To Fix J-117 - Valuation of options: Fixing date of underlying is after option expiry

SAP Error Message - Details

• Message type: E = Error

• Message class: J- -

• Message number: 117

• Message text: Valuation of options: Fixing date of underlying is after option expiry

Self-Explanatory Message

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• What is the cause and solution for SAP error message J-117 - Valuation of options: Fixing date of underlying is after option expiry ?

  The SAP error message J-117, which states "Valuation of options: Fixing date of underlying is after option expiry," typically occurs in the context of financial instruments, particularly options, when there is a mismatch between the expiry date of the option and the fixing date of the underlying asset.
  Cause:
  The error arises when the fixing date (the date on which the underlying asset's price is determined) is set to a date that is later than the expiry date of the option. This situation is problematic because, for an option to be valid, the underlying asset's price must be determined before or on the expiry date of the option.
  Solution:
  To resolve this error, you should take the following steps:
  
  
  Check the Option Details: Review the details of the option in question, including the expiry date and the fixing date of the underlying asset.
  
  
  Adjust the Fixing Date: If the fixing date is indeed set after the expiry date, you will need to adjust it to ensure that it falls on or before the expiry date of the option.
  
  
  Review Contract Terms: Ensure that the terms of the option contract are correctly defined and that the fixing date aligns with the contractual obligations.
  
  
  Reprocess the Valuation: After making the necessary adjustments, reprocess the valuation of the option to see if the error persists.
  
  
  Consult Documentation: If you are unsure about the correct dates or how to adjust them, consult the relevant SAP documentation or financial regulations that apply to your specific situation.
  
  
  Related Information:
  
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with options and derivatives, such as transaction codes for valuation or reporting.
  Financial Regulations: Be aware of the financial regulations that govern options and derivatives in your jurisdiction, as they may impact how you set fixing and expiry dates.
  
  By ensuring that the fixing date is correctly aligned with the expiry date, you should be able to resolve the J-117 error and proceed with the valuation of the options.